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02 February 2010
A new mill operated by Boomerang Tube on the site of a former Allied Pipe and Tube facility, secured financing to supply 400,000 tons (360,000 tonnes) of welded OCTG to the domestic market. MBR analyzes what this new additional capacity will mean for the market going forward.
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21 January 2010
While steel prices may be rising across China, end-user demand remains precarious, particularly for finished products such as tubular goods.
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21 January 2010
It is our view that energy-oriented mills will push output higher through the first half of the year. While keeping prices in line with HR coil, rising output should allow them to reduce the average fixed costs and thus improve margins.
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21 January 2010
Despite the obvious caution in the market, some producers have decided to press ahead with price increases, citing rising substrate costs as justification for doing so.
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17 December 2009
US construction spending is down to mid-2007 levels, yet MBR’s Steel Raw Materials Index is up 38% from its April 2009 trough, equalling that of October 2008
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19 November 2009
While European producers have held prices for welded material largely flat, Turkish exporters have implemented some significant cuts, aided by the devaluation of the dollar against the lira.
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19 November 2009
We expect prices to remain at levels now through November, before some improvement in the first quarter in line with HR coil.
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19 November 2009
Some producers have opted to keep prices steady, despite the uptick substrate costs, suggesting that mills are still extremely eager to promote any transactions possible and not push potential buyers away.
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19 November 2009
A number of factors have combined over the last month to add downward momentum to Turkish prices. Firstly, the familiarly weak demand environment remains one of the major obstacles to market stability
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26 October 2009
Welded tube and pipe prices sank in all regions on poor demand and falling substrate costs.
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26 October 2009
Demand is still too weak to provide any support for price increases, let alone sustain prices.
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26 October 2009
Linepipe producers have implemented some of the largest price cuts seen in the last month, some slashing prices by almost $100/tonne.
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26 October 2009
Turkish substrate costs have also reduced significantly, partly due to increased competition from Chinese producers of flat products and also due to raw material price reductions.