Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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September 2015 | Seamless Steel Tube & Pipe


Rising Russian prices will prompt higher imports: Europe and CIS Analysis


For much of 2013 and the first half of 2014, Chinese imports accounted for over half of EAA imports.

The Eurasian Economic Union (Russia, Kazakhstan, Belarus, Armenia and Kyrgzstan) has placed anti-dumping (AD) duties on imports of Chinese seamless OCTG. The duties range from 12.23% to 31%. A number of named large producers including Shengli, Shandong Molong, Anhui Tianda, Pangang, Changbao and Baoji received a 23.18% tariff. This does not exclude them from supply in our view given the current very low Chinese prices. As a result, the continued arrival of this material will ensure that Russian and Kazakh OCTG price increases are not excessive.

Moreover, crucially four of the biggest players have agreed to sell a maximum volume at a pre-arranged floor price upon which they will pay no duty. Tianjin Pipe (TPCO) and Hengyang Valin both received a 31% tariff while Hunting Energy (Wuxi) and Shanghai Hilong received tariffs of 12.23% and 12.3% respectively. However, the four players agreed to sell a maximum of 79,690...

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