-
28 February 2020
In early January, Tenaris completed its acquisition of Ipsco Tubulars from Russia’s TMK for $1.07 billion.
-
28 February 2020
The primary impact on the steel industry in China has been in logistics and distribution. While rail is running fairly normally, the trucking sector has been at only around 30% of capacity for the two weeks since the end of Chinese New Year, with ports at around 30-50% of capacity.
-
28 February 2020
Downloadable Excel files with pricing and other statistics on welded tube and pipe for February 2020.
-
28 February 2020
Although there has been an upturn in commodity plate prices in Europe (i.e. S235 and S355), actual prices for API 5L X65 plate (non-sour) have stayed at around €660-670/tonne ex-works.
-
28 February 2020
Locally-produced API 5L X42 ERW linepipe is $750-760/tonne ex-works. This compares well to some Asian import offers, where South Korean API 5L Grade B, 8-24” is around $740-750/tonne cfr Jebel Ali.
-
28 February 2020
To date, most mills in China are holding prices steady, although discounts are available. Consequently, we consider it a good time for buyers to snap up deals if any are available.
-
28 February 2020
Distributors remain wary of any potential upturn in demand for ERW linepipe and OCTG, stating that the current middling demand levels will hold through the year.