Research

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

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March 2018 | Seamless Steel Tube & Pipe


Chinese prices continue to rise: Asia Market Analysis


MBR learned that a major CNPC order is coming in late March, which is expected to keep most of the Chinese Tier 1 mills busy and focused on the domestic market for a while.

Chinese steel market further tightened amid supply cut

In a recent National Development and Reform Commission (NDRC) report, the Chinese government pledged to further cut steel output by 30Mt. Although the level of steel reduction is smaller as compared with previous years’ ambitions (65Mt in 2016 and 50Mt in 2017), the plan is expected to further boost prices in the substrate market (i.e. round billets) for seamless OCTG and linepipe in China for the short to medium term. Fully-integrated mills such...

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