Steel Products Prices North America

Tenaris Boosts OCTG Production in U.S.
Written by Tim Triplett
January 25, 2022
Global pipe producer Tenaris is boosting production of oil country tubular goods at its welded mill in Hickman, Ark., to support growing customer demand in the U.S.
“Hot rolled coil prices have begun to drop following massive gains last year, and customer demand continues to grow for domestically made pipe. These conditions make it the right time for a meaningful restart of welded production, part of the ramp-up across the U.S. that began in late 2020,” Tenaris U.S. President Luca Zanotti said. Since October 2020 when Tenaris began its expansion, it has grown its U.S. team by 1,200 employees.
Tenaris had maintained activity at the Hickman plant through 2020 and 2021, but at lower levels due the market downturn. Following improvements in the latter half of 2021 for more efficient manufacturing, the mill will be steadily adding capacity and volumes in the coming months. Tenaris is looking to hire an additional 250 workers for the Hickman facility, the company said.
“These are interesting times for our sector with more favorable movements in the market, though pressures persist in supply chains and with the pandemic. We remain uniquely positioned, leading a dynamic and fast paced scale up of our domestic operations, now with welded production contributing on a greater level to our integrated U.S. network of mills and service centers,” Zanotti said.
By Tim Triplett, Tim@SteelMarketUpdate.com

Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America

CRU: Q3 will be the lowest point in current sheet price cycle
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.

CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.

SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.

Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.

Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.