Rely on Tube fair success!

The Tube 2022 exhibition in Düsseldorf, together with our customers, we joined the best. A big thank you to all who came to visit our stand. Following the two years of Pandemic restrictions it was important and well overdue for us to meet face to face once again with you, our valued customers, and friends. […]

EXPORT COMPANY OF THE YEAR

On the 12th of May, OSTP in Örnsköldsvik was recognized as Export Company of Year at the annual Företagarkvällen event in Örnsköldsvik, Sweden. This was the 14th year for the event, and the award was presented by the Mid Sweden Chamber of Commerce in association with Industrigruppen. The nomination said of OSTP: “For more than […]

Commercial update 29.3.2022

Market update for OSTP Group Customers: LME has now traded for three consecutive days (25th, 28th & 29th ) within Daily Trading Limits (+/-15%). This has enable the LME to publish Official Cash Closing Rates for these days. Naturally we cannot be assured that further disruption days will not occur but seemingly and hopefully some […]

Commercial update 24.3.2022

Market update for OSTP Group Customers: LME has now traded for three consecutive days (25th, 28th & 29th ) within Daily Trading Limits (+/-15%). This has enable the LME to publish Official Cash Closing Rates for these days. Naturally we cannot be assured that further disruption days will not occur but seemingly and hopefully some […]

Commercial update 18.3.2022

Market update for OSTP Group Customers: Due to breach of the daily price limits set for trading on Friday 18th March the following LME Notices were released. LME Notice: 22/079. Nickel Contracts traded in the Ring traded down to the pre-set daily price limit in the second Ring session (R2). As a result, the Nickel […]

Commercial update 16.3.2022

Market update for OSTP Group Customers: The LME reopened the Nickel Trading market at 08.00 GMT. The uncrossing algorithm established an opening 3 month price of 45,590 $/T  (ie: 5% below the price published in Notice 22/067) Unfortunately virtually immediately due to an IT system error LME decided to suspend trading while the error was […]

Commercial update 14.3.2022

Market update for OSTP Group Customers: The LME “Resumption Date” was not confirmed by 2.00pm GMT today, therefore we understand the suspension of trading in all Contracts in Nickel continues at least until 16th March. OSTP therefore will continue to offer only on a daily basis with all offers valid for 1 day. We regret […]

Commercial update 10.3.2022

Market update for OSTP Group Customers: The anticipated LME “Resumption Date” was not confirmed by 2.00pm GMT today, therefore we understand the suspension of trading in all Contracts in Nickel continues at least until 14th March. It is reported that EUROFER has called on the London Metal Exchange (LME) and the Financial Conduct Authority (FCA) […]

Commercial update 9.3.2022

Market update for OSTP Group Customers: The anticipated LME “Resumption Date” was not confirmed by 2.00pm GMT today, therefore we understand the suspension of trading in all Contracts in Nickel continues at least until 14th March. It is reported that EUROFER has called on the London Metal Exchange (LME) and the Financial Conduct Authority (FCA) […]

Commercial update 8.3.2022

Market update for OSTP Group Customers: LME Halts Nickel Trading After Unprecedented 250% Spike. At open point overnight trading broke the 100,000 $/T level before falling back slightly to 81,000 $/T Clearly markets remain in extreme turmoil and many Raw material / Tube and Butt Weld Fittings manufacturers have already announced a temporary stop to […]