Market Segment
October 1, 2026
Written by Laura Miller
Welspun Tubular LLC, the US subsidiary of Mumbai-based Welspun Corp., has received an order to supply $412.5 million of high-frequency induction welded (HFIW) steel pipe.
The order marks the largest in terms of volume, length, and value for Welspun Tubular, according to a regulatory filing with the National Stock Exchange of India.
The Chicago Business Barometer rebounded in September, returning to expansion after slipping into contraction in August.
Steel mill lead times continued to expand for sheet and plate products this week, according to buyers responding to our latest market survey.
The overall mill negotiation rate ticked up slightly this week, but the overwhelming majority of buyers are still finding mills inflexible on price, according to our latest survey data.
The latest Manufacturing PMI Report from the Institute for Supply Management (ISM) shows the US manufacturing sector experienced growth in September, albeit at a slightly lower pace than in the month before.