August 2011 | Welded steel tube & pipe
Welded mills seek to follow flat-roll up: Americas Market Analysis
Large-diameter linepipe is experiencing a bit of price softening.
Pipe and tube mills are hoping that the pull of expected increase in raw material costs will be strong enough to pull them up as well. MBR thinks that could be the case for OCTG given continued increases in drilling activity, especially in the shale plays, but other tubular sectors might have to fight a bit of resistance, especially given growing fears of a double dip recession. This is particularly true of standard pipe and HSS and other sectors that depend on industrial and construction demand. Even line pipe, especially large diameter line pipe is seeing a little bit of softening.
Flat roll mills seek to raise prices $60/ton
Determined to stop what seemed to be a pricing freefall earlier this summer, first U.S. Steel, and then many other flat-rolled steel mills – including AK Steel, ArcelorMittal USA, California Steel Industries, NLMK Indiana, Nucor and RG Steel – announced...
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