Research

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

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March 2017 | Industrial & Structural Tube & Pipe Market Tracker


Key Market Highlights: Western European Seamless mechanical prices have surged this month


Mechanical tubing prices have gained support this month from raw materials cost increases.

European seamless mechanical and drawn market:
  • Western European Seamless mechanical prices have surged this month, with MBR moving the average price up to around €830/tonne, up €40/tonne month-on-month. Several participants that we have spoken to now expect prices to move up towards €900/tonne in the next month.
    • European buyers have been caught out – stock levels were run down low at the end of 2016 into early 2017 and not quickly replaced as distributors had little optimism about market demand at the time.

 

Since then, leading Western European seamless mills such as Tenaris and Vallourec have seen a surge in demand for seamless OCTG from the USA, the result of this has been that lead times for the delivery for seamless mechanical pipe now from these mills has dropped out to August-October...

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