Research

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

Change font size:   

October 2016 | Seamless Steel Tube & Pipe


Tenaris strengthens position in Kazakhstan: Europe and CIS Analysis


Prices for domestic linepipes in the European Union have remained almost unmoved over the past month amid limited demand.

The third quarter brought a decline to the OCTG market in Russia. This was expected as historically Russian oil and gas companies’ slowdown in their procurement activities during this time of the year. Production companies normally use this time of the year for planned repair/upgrade of equipment. During the third quarter the logistics of bringing tubular products and other equipment to the remote sites of Western Siberia and beyond are at their most difficult.

Therefore, it is of little surprise that TMK’s Russian Division – the biggest OCTG market player in the region reports a 4.7% decline in seamless OCTG shipments in the 3Q v.s. the 2Q to 265kt. Nonetheless, underlining the general positive demand fundamentals in Russia in 2016, the shipments for 9 months have grown by 8.9% y-o-y.

Overall the structure of OCTG market in terms of grades and connections this...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?