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
Domestic HR, offshore prices decline
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This CRU analysis from discusses steel sheet prices, demand, and inventory levels around the globe this past week.
Domestic HR tags tick up, import prices fall
US hot-rolled (HR) coil prices edged up this week, while tags in offshore markets moved lower. As a result, domestic tags pulled ahead of imports on a landed basis. Since becoming level with import prices in late August, stateside tags had been mostly stable, though they slowly drifted closer to parity over the past month. […]
US CR, import prices trend higher
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