Tag: Pipe and Tube

Canadian metals distributor Russel Metals announced it is selling off 50% of its equity in TriMark Tubulars Ltd. to Japan’s Marubeni-Itochu Tubulars Ltd. (MITI).

Five domestic steel trade associations wrote a letter requesting the government to ensure the use of US-made steel in certain components of wind and solar projects receiving federal funding. Addressing the letter to US Treasury Secretary Janet Yellen, the groups included the American Iron and Steel Institute (AISI), Steel Manufacturers Association (SMA), American Institute of Steel Construction (AISC), […]

Five domestic steel trade associations wrote a letter requesting the government to ensure the use of US-made steel in certain components of wind and solar projects receiving federal funding. Addressing the letter to US Treasury Secretary Janet Yellen, the groups included the American Iron and Steel Institute (AISI), Steel Manufacturers Association (SMA), American Institute of Steel Construction (AISC), […]

Barry Zekelman took over his father’s steel company at a young age, and subsequently turned it into an empire. Ahead of SMU’s Steel Summit 2023, Zekelman joined our Community Chat series to talk about goals for his business, what’s happening in the market, and the uniqueness of the steel industry. The owner of the largest […]

Barry Zekelman took over his father’s steel company at a young age, and subsequently turned it into an empire. Ahead of SMU’s Steel Summit 2023, Zekelman joined our Community Chat series to talk about goals for his business, what’s happening in the market, and the uniqueness of the steel industry. The owner of the largest […]

I’ll dive into the latest sheet market trends in a moment. But first some big news: We’re less than a month away from the start of SMU’s Steel Summit in Atlanta! Nearly 1,100 people were registered to attend when I last checked on Friday. The pace of registrations has picked up, so we’ll probably be […]

I’ll dive into the latest sheet market trends in a moment. But first some big news: We’re less than a month away from the start of SMU’s Steel Summit in Atlanta! Nearly 1,100 people were registered to attend when I last checked on Friday. The pace of registrations has picked up, so we’ll probably be […]

Lock Joint Tube will supply steel tubing to solar energy company Array Technologies from a new mill in Texas.

Join SMU’s next Community Chat webinar with Barry Zekelman, executive chairman and CEO of Zekelman Industries – the largest independent steel pipe and tube manufacturer in North America. The webinar will be on Wednesday, July 26, at 11 a.m. ET. It’s free for all to attend. A recording will be available to SMU members. You […]

Atlas Tube, part of Zekelman Industries, has partnered with Mobility Worldwide for over 10 years to provide mobility carts to those in need globally, and said it will continue to dedicate resources where needed.  “When Zekelman Industries acquired the assets of EXLTUBE based in North Kansas City, Mo., in November 2022, we were well aware […]

Join SMU’s next Community Chat webinar with Barry Zekelman, executive chairman and CEO of Zekelman Industries – the largest independent steel pipe and tube manufacturer in North America. The webinar will be on Wednesday, July 26, at 11 a.m. ET. It’s free for all to attend. A recording will be available to SMU members. You […]

Hot-rolled coil prices remain rangebound between roughly $850-900 per ton ($42.50-45 per cwt), according to our latest market check. You could say that’s not news. Our HRC index settled at $870 per ton on Tuesday afternoon. A week-over-week decline of $20 per ton from $890 last week might be little more than noise. You’d want to […]

Hot-rolled coil prices remain rangebound between roughly $850-900 per ton ($42.50-45 per cwt), according to our latest market check. You could say that’s not news. Our HRC index settled at $870 per ton on Tuesday afternoon. A week-over-week decline of $20 per ton from $890 last week might be little more than noise. You’d want to […]

Join SMU’s next Community Chat webinar with Barry Zekelman, executive chairman and CEO of Zekelman Industries – the largest independent steel pipe and tube manufacturer in North America. The webinar will be on Wednesday, July 26, at 11 a.m. ET. It’s free for all to attend. A recording will be available to SMU members. You […]

A South Korean pipe and tube manufacturer is planning to build a new oil country tubular goods (OCTG) mill just north of Houston. Husteel, part of South Korea’s Shinan Group, is set to build a $122-million greenfield OCTG facility in Splendora, Texas, according to industrial equipment manufacturer Fives Group. Paris-based Fives said it has already […]

US steel imports climbed in June to the highest monthly level over the past 12 months, based on June import license data compiled by the US Department of Commerce. Import license applications reached 2,803,597 net tons in June, according to Commerce’s license count as of July 5. This was a 20.7% spike from the month […]

Ternium and Tenaris have upped their stake in Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais S.A. (Usiminas). Ternium’s Brazilian subsidiary Confab Industrial S.A., Ternium Investments, and Ternium Argentina, collectively known as the T/T group within the controlling group of Usiminas, closed on a previously announced acquisition of 68.7 million ordinary shares of Usiminas. The shares […]

The US Department of Commerce recently updated antidumping and countervailing duty rates on a number of different welded pipe and tube products. An SMU review of the US government’s Federal Register show the following changes by Commerce in multiple administrative reviews: Welded Line Pipe from South Korea Considering the one-year period ended Nov. 30, 2021, […]

The Congressional Steel Caucus held a hearing on The State of the Steel Industry in Washington on Wednesday, June 7, where prominent steel executives and the United Steelworkers (USW) union gave testimony on issues such as international trade and sustainability. In his opening remarks, US Rep. Frank Mrvan (D.-Ind.), vice-chairman of the Caucus, stressed his […]

US steel imports were steady from April to May, according to the latest data from the US Department of Commerce. May’s import license count – a first look at import figures for a given month, at 2,395,039 net tons – was just 0.5% higher than April’s final count of 2,382,580 tons. Compared to the same […]

The US government is moving forward with its goal of establishing a common framework on carbon emissions in the steel and aluminum industries with the European Union by October. US Trade Representative Katherine Tai asked the International Trade Commission this week to investigate and compile a public report assessing the intensity of greenhouse-gas (GHG) emissions […]

An anticipated surge in flat-rolled steel imports due to higher domestic pricing has yet to be reflected in government data. For monthly imports, the International Trade Administration’s US Steel Import Monitor tracks license applications (a first look showing licenses to import but not necessarily the actual tonnages that entered during the month), a preliminary count, […]

Forza Steel is investing $60 million to build a manufacturing facility at the Port of Brownsville in Texas on the Mexican border. The Mexican carbon steel pipe producer is planning to install equipment in early July to begin rolling mill operations, according to a press release from the Port of Brownsville on May 2. The facility […]

The Congressional Steel Caucus (CSC) has urged the US Department of Commerce and the US Trade Representative to take action to address what it calls a “surge of Mexican steel imports” into the US. The CSC claims the imports are in violation of the US and Mexican 2019 Joint Statement on Section 232 Duties on Steel and Aluminum, […]

Mississauga, Ontario-based service center group Russel Metals reported sequential improvement in its business segments in the first quarter, while results weakened year over year. The company reported Q1 net income of Canadian $73.9 million (US$55.2 million) on sales of nearly CA$1.2 billion compared to net income of CA$98.7 million on sales of CA$1.34 billion in […]

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 […]