International Steel Prices
Benteler Halts Sale of Tube Firm to Tenaris
February 7, 2023
Tenaris SA said Feb. 5 that Benteler North America Corp. has terminated the sale of Benteler Steel & Tube Manufacturing Corp. to Tenaris, effective immediately.
Luxembourg-based Tenaris had announced in July the intended acquisition of the steel pipe producer in a deal valued at $460 million.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in International Steel Prices
US CR tags still nearly 30% more than imports
Foreign cold-rolled (CR) coil remains much less expensive than domestic product, according to SMU’s latest check of the market.
US HR premium dips even as stateside tags edge lower
US hot-rolled (HR) coil remains more expensive than offshore hot band, though with a tighter premium as prices stateside and abroad have ticked lower in recent weeks.
CRU: Sheet prices stable w/w in most areas of the world
Steel sheet prices in many regions of the world were steady week over week in the week ended April 17.
US CR tags 30% more than imports
Foreign cold-rolled (CR) coil remains less expensive than domestic product, according to SMU’s latest check of the market.
US HR premium widens on lower offshore tags
US hot-rolled (HR) coil has become gradually more expensive than offshore hot band in recent weeks, as stateside prices have stabilized while imports moved lower.