Research

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

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June 2018 | Welded steel tube & pipe


After completion of current orders, fewer projects on the horizon: Europe and CIS Market Analysis


While there is pressure on the API plate and coil markets from slowing activity in the linepipe sector, some of the major Western European API plate mills are reporting that other markets such as machinery and construction in Europe that they supply is performing well, which could prevent API plate prices softening significantly in the second half of the year.

LSAW linepipe prices under pressure...
The European welded linepipe market continues to be affected by rising global trade uncertainty and buyers are slow to make purchasing decisions. Moreover, political upheaval, in parts of the region, have led to a lack of investment. We have been told that offers for LSAW linepipes in a diameter of 30”-32” OD at an API 5L B grade is being made by Eastern European mills at around €1,030-1,050/tonne fca, a maximum of €20/tonne lower compared to the previous month. MBR expects the seasonal slowdown during summer and the lack of clarity over the safeguarding case to postpone any price rise in the Eastern European market for welded linepipes.

...with API plate prices holding for now

While there is pressure on the API plate and coil markets from slowing activity in the linepipe sector, some of the...

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