Research

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

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February 2017 | Seamless Steel Tube & Pipe


US prices surge higher: Latest Analysis


Given the market history, it is clear that market participants are wary of a rebound that could be followed by a quick drop once again.


Seamless OCTG and linepipe prices continued to rise strongly through January and into February, so much so that MBR revised its January pricing for the month. Indeed, prices on OCTG are up by around $200/tonne from the fourth quarter of 2016. While the price gains were initially fueled by rising costs, prices are now supported by short supplies in the wake of steadily increasing demand. Distributors and end users have been running...

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