HG STEEL PIPE Specialist in Steel Pipes and Pipes Fittings and is primarily engaged in Manufacturing & Exporting of Stainless Steel, Alloy Steel, Carbon Steel, Duplex Steel, Nickel Alloy
Record Global Stainless Steel Production Forecast for 2019 & 2020
MEPS forecasts that world crude stainless steel output will reach an all-time high of 52.1 million tonnes, in 2019. This would represent an increase of 3 percent, compared with the previous record figure
Italian PM Promises to Block ArcelorMittal’s ArcelorMittal Exit
“We would all lose if there were a legal battle, but should it happen, it will be the legal battle of the century,” Conte said on state television, according to the Reuters news service.
Local Chinese Seamless Pipe prices move sideways or fluctuate slightly
Local Chinese seamless pipe prices have mostly followed a stable trend during the past week. Overally trading activity has been at low levels with the arrival of the off-season for business.
Chinese Steel pipe export offer prices move sideways
During the week, average Chinese steel pipe export offer prices have noved on a stable trend. At present, export offers for API 5L Seamless pipe given by Chinese suppliers are in the range of $ 595-680/mt.
US steel exports down 5.5 percent in September
According to export data from the US Department of Commerce, monthly steel exports in September 2019 decreased 5.5% from last month to total 557,822 mt.