April 2021

US structural tubing price steady; price bumps expected in May

Prices for hollow structural sections (HSS) in the United States remained level week on week, but some sources anticipate further price increase announcements as early as the first week of May.

EUROPE SECTIONS: Market grapples with rising costs

Prices for steel hollow sections in Europe narrowed upward on Wednesday April 28 with production costs continuing to soar, sources have told Fastmarkets.

Czech union calls for ‘work to rule’ at Liberty Ostrava

The main union for metal workers in the Czech Republic has instigated industrial action at Liberty Steel’s Ostrava steelworks, sources told Fastmarkets on Monday April 26.

FOCUS: Rapid use of EU safeguard quotas will support prices, deepen material shortage

Less than a month after the start of the April-June 2021 safeguard quota period for imports of steel materials into Europe, the quotas for a number of products have been either completely exhausted or almost filled.

EUROPE SECTIONS: Prices continue to climb on unrelenting feedstock shortage

Prices for steel hollow sections in Europe moved higher on Wednesday April 21 because feedstock costs were continuing to climb, sources told Fastmarkets.

Tata Steel to invest $34 mln to upgrade UK tube site

Tata Steel is to relocate and upgrade its steel tube-making operations at Corby in the UK as part of a £25 million ($34.4 million) investment which will give the business the best chance of a strong future, the company said on Thursday April 15.

US pipe, mechanical tube prices hit new records

Prices for domestic and imported standard pipe and mechanical tubing in the United States continued to hit historic highs in April, marching up in line with climbing substrate costs.

EUROPE SECTIONS: Market jumps, feedstock shortage becomes critical

Prices for steel hollow sections in Europe jumped on Wednesday April 14 due to mills passing on soaring feedstock costs, sources told Fastmarkets.

TURKEY STEEL PIPE EXPORTS: Surging material costs put more pressure on prices

Turkish steel pipe export prices have increased over the past week in line with the rising cost of pipemaking raw materials, market participants told Fastmarkets on Wednesday April 14.

EUROPE SECTIONS: Market under pressure from higher feedstock costs despite quota renewals

Prices for steel hollow sections in Europe remained flat on Wednesday April 7, with the renewed import quota relieving pressure on the market with mills facing higher feedstock costs, sources told Fastmarkets.