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

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February 2018 | Welded steel tube & pipe


Couple of linepipe projects to be awarded imminently: Europe and CIS Market Analysis


In Western Europe, the market for welded linepipe produced from API coil continues to improve driven by an excellent performance of the E&P segment due to an ongoing recovery in crude oil prices and production growth.

New Russian LSAW producer boosts production and is looking for exports to Europe
The new Russian LSAW producer Zagorsky Pipe Plant has reported annual 2017 production at around 146kt. This is 4 times the growth of 2016 shipments. The bulk of 2017 shipments fall into Gazprom’s ‘replacement and repair’ requirements, but also for Rosneft and some export shipments to the former Soviet CIS and Baltic countries.

The company reports that they have already contracted 230kt for the 1H of 2018 which is close to their full utilisation (the total nameplate capacity is 500kt). MBR learns that the mill is going to supply 100kt for the Russian onshore part of the Nord Stream 2 project – Gryazovets to Slavyanskaya Compressor Station (CS) for the amount of 8.841 bln rubles ($158M).

Severstal will be a major API plate supplier for Zagorsky in 2018. The company has contracted...

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