Import duties on welded pipe and tube from a handful of countries are likely to remain in place for another five years, pending final injury determinations in two sunset reviews. The US Department of Commerce recently completed two expedited sunset review cases: one of antidumping duties on welded carbon steel pipe and tube from India, […]
Licenses to import steel into the US declined from March to April, with all major flat-rolled product categories showing month-on-month (MoM) declines, according to the latest figures from the Department of Commerce’s US Steel Import Monitor. Import licenses totaled more than 2.292 million net tons in April. This was a 12% drop from March’s final import […]
Scottsdale, Ariz.-based Reliance Steel & Aluminum Co. has made its first acquisition of 2023, announcing the addition of Southern Steel Supply Co. to its portfolio of service center companies. Southern Steel Supply is based in Memphis, Tenn., supplying merchant and structural steel, pipe and tube, steel plate, ornamental products, and laser-cut and fabricated parts to […]
The US Department of Commerce has made initial decisions in several duty circumvention cases involving pipe and tube products from Asia. The department preliminarily found affirmative instances of duty circumvention in six out of seven investigations, according to filings with the Federal Register. In all the cases, Vietnam is the country in which pipe and tube […]
Turkish pipe and tube maker Borusan Mannesmann has finalized its buy of Panama City, Fla.-based Berg Pipe for $162 million. Borusan said it has acquired 100% of the US pipe maker, which manufactures large-diameter line pipe. “By acquiring Berg Pipe, a company with a total manufacturing capacity of 550,000 tons, we have secured a strategic […]
What should we make of Cleveland-Cliffs’ price increase, and will it stick? We’ve asked some of you to weigh in on that, and we’ll publish your feedback on Thursday. Here is some initial reaction I’ve received in the meantime. Some market contacts stress that a spot price increase from a company not heavily involved in the […]
Ternium SA and its affiliates aim to take a majority stake in Brazilian flat-rolled steelmaker Usinas Siderúrgicas de Minas Gerais SA (Usiminas). The Latin American flat-rolled steelmaker said it and related companies had agreed to pay $111 million in cash for 57.7 million in ordinary shares of Usiminas. The shares will be purchased from Japan’s […]
The US Court of Appeals for The Federal Circuit has upheld Section 232 duties on steel tube and pipe from Turkey’s Borusan Mannesmann and its American subsidiary Borusan Mannesmann Pipe US. In a March 15 ruling the court affirmed an earlier opinion by the US Court of International Trade. Borusan had appealed the original decision, […]
Canada will no longer accept imports of Russian aluminum and steel, Chrystia Freeland, Deputy Prime Minister and Minister of Finance of Canada, announced on March 10. “Through regulatory amendments under the Special Economic Measures (Russia) Regulations, the importation of all Russian aluminum products, such as unwrought aluminum, aluminum sheets, and finished products including containers and other […]
February license data indicate that steel imports will have totaled 2.19 million net tons last month, down 16.2% from January. February levels are also down 13.8% when compared to the previous 12-month average. Recall that monthly import levels declined nearly 17% month on month (MoM) in November, before rebounding in December and January. February figures […]
The Biden administration has hit Russian pig iron as well as other steel and metal products with tariffs of up to 70%. The move was made with less fanfare than the 200% tariffs on Russian aluminum announced in a presidential proclamation last week. The tariffs were included in an annex attached to that proclamation. The […]
Olympic Steel’s earnings tumbled in the fourth quarter, but the company remains focused on growth opportunities in 2023. The Cleveland-based service center reported net income of $4 million in the fourth quarter ended Dec. 31, down 84% from $24.9 million a year earlier on net sales that fell 17% to $520 million. However, for full-year […]
Tenaris SA will redirect funds initially slated for the acquisition of Benteler Steel & Tube Manufacturing Corp. in Shreveport, La., to its existing operations in the US. “We will reorient our investment plan in the United States to achieve, through organic growth, the objective of strengthening our local industrial and logistics system,” Tenaris chairman and CEO Paolo […]
Preliminary Census data indicate that steel imports will have totaled 2.48 million net tons for the month of January. While up nearly 13% from the prior month, January levels are still down more than 3% compared to the previous 12-month average. Recall that monthly import levels declined nearly 17% month on month (MoM) in November, […]
Preliminary Census data indicate that steel imports totaled 2.24 million net tons for the month of December. This is up 11% compared to November, a slight rebound month on month (MoM) after recording the lowest level since February 2021 the month prior. Import levels had been gradually falling since reaching a 26-month high in March […]
Preliminary Census data indicates that steel imports will have totaled 2.01 million net tons for the month of November. This is down 17% compared to the month prior, now standing at the lowest level recorded since February 2021. Import levels have been gradually falling since reaching a 26-month high in March 2022 of 3.09 million […]
The US Department of Commerce’s International Trade Administration (ITA) has updated antidumping (AD) duties on cut-to-length plate from Belgium and welded standard pipe from Turkey, according to documents in the US government’s Federal Register. CTL Plate from Belgium The ITA recently finalized an administrative review of the AD duties on CTL plate from Industeel Belgium […]
ArcelorMittal US has announced new, higher sheet prices with the opening of its 2023 order books. The company said it has also rolled out new grade extras, which will take effect on Jan 1., to reflect higher alloy costs. The price increases effectively apply to AM/NS Calvert, the Alabama mill jointly owned by Luxembourg-based ArcelorMittal […]
Preliminary Census data indicates that steel imports will have totaled 2.41 million net tons for the month of October. While up 7% from the prior month, October levels are on the low side compared to the previous 18 months. Recall that monthly import levels declined 11% month-on-month (MoM) in September, having also fallen 6% both […]
Rumors of a holiday-season price increase continue to ping pong around the market. Will mills announce one on Wednesday ahead of Thanksgiving, in early/mid-December, or not until early next year? Let’s leave the timing aside for a moment and consider why those rumors have been so persistent. On the spot market side, we’ve seen some […]
Kansas City, Mo.-based EXLTUBE is set to become a part of the Zekelman Industries group of companies. Zekelman has agreed to acquire the assets of the pipe and tube maker from its 20-year owner SPS Companies Inc. Terms of the agreement were not disclosed. The acquisition includes three EXLTUBE mills and 530,000 square feet of […]
Engineered pipe and tube producer Northwest Pipe Co. posted sharply higher profits for the third quarter ended Sept. 30. The Vancouver, Wash.-based company said the boost was driven by strong demand and increasing backlogs from its engineered pipeline systems and precast products, according to earnings data released on Tuesday, Nov. 8 All told, Northwest Pipe posted net […]
Preliminary US Census Bureau data indicates that steel imports totaled 2.24 million net tons in the month of September. This is down 11% from the prior month, and is potentially the lowest monthly rate seen since February 2021. Recall that monthly import levels also declined 6% from July to August and 6% from June to […]
Final US Census Bureau data indicates that steel imports totaled 2.51 million net tons during the month of August, just 267 tons higher than the preliminary figures released in late September. This is down 6% from the prior month. It is also the third lowest monthly rate in the past year and a half (behind […]
Preliminary US Census Bureau data indicates that steel imports will have totaled 2.51 million net tons during the month of August. This is down 6% from the prior month and potentially the lowest monthly rate seen since February of this year. Recall that monthly import levels also declined 6% from June to July. August figures […]
The US Department of Commerce has released updated antidumping duty rates on certain pipe and tube imports after administrative reviews. It has also brought prior determinations in line with remand orders from the US Court of International Trade (CIT). OCTG Commerce set a 1.59% weighted-average dumping margin for the Interpipe group of companies in the preliminary results of […]
Final Census data shows that 2.68 million net tons of steel imports entered the country in July, down 6% compared to the month prior and the lowest rate in the past five months. The preliminary import figures reported last week were just 4,000 tons shy of the final count (most of the flat rolled products […]
Preliminary Census data indicates that July steel imports will total 2.67 million net tons, down 6% compared to June and the lowest monthly rate since February of this year. July figures are down 14% compared to March’s 26-month high of 3.09 million tons. Import licenses for August are currently at 1.98 million tons through August […]
We had a big development this week with London-listed Russian steelmaker Evraz Plc announcing plans to sell its North American operations. A move like this has been rumored for some time. We’ve heard versions of it going back to Russia’s full-scale invasion of Ukraine in late February. Still, it was something of a shock to […]
While steel service centers remain cautiously optimistic on their demand outlooks for the remainder of the year, most agree that the environment for mergers and acquisitions remains quite strong. This is according to executives from Reliance Steel & Aluminum, Ryerson, and Olympic Steel—some of the industry’s top players—speaking on their recent and respective second quarter […]