Research

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

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October 2019 | Welded steel tube & pipe


Iraq linepipe market to heat up in 2020/2021?: Middle East and North Africa Market Analysis


Marjan was made up of four packages of LSAW linepipe requirements. The EPC contractor, McDermott, had won the construction of Package 1 and 4 from Saudi Aramco.

Middle East linepipe prices fall
Prices for imported linepipe into the UAE from South Korea have fallen over the past month by around $10-15/tonne on limited demand. Import offers of 8”-14” ERW linepipe from South Korea are at around $730-740/tonne cfr, while prices of 18”-24” ERW linepipe are at $770-780/tonne cfr for API 5L grade B material. Spiral linepipe of grade B in a diameter of 26”-30” are quoted at prices $925-960/tonne cfr in the Middle Eastern region.

Uncertainty over Saudi Aramco’s Marjan LSAW tenders...

Large-diameter linepipe project tendering activity though remains relatively buoyant with tenders expected to be awarded in markets like the UAE and potentially Qatar by end of year. There are though some procurement issues that could alter the award that we thought had already been made for one of the largest...

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