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

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November 2019 | Welded steel tube & pipe


Little local demand for European LDP mills: Europe and CIS Market Analysis


European welded linepipe mills though are unlikely to get much of an opportunity to raise their prices over the short-term amid an economic downturn in Europe, worldwide trade disputes and extremely challenging conditions in the European steel sector.

European Linepipe prices slip
The market activity in the European welded linepipe market has been slow. Prices for LSAW linepipes to a grade of API 5L X65 grade are being made at around €980-1,000/tonne fca, this is down around €10-15/tonne from last month. HSAW linepipe to grade API 5L X65 are being made at around €970-980/tonne fca, up to a €20/tonne drop from last month. Prices for ERW linepipes to a diameter of 20”-24” STD and a grade of API 5L X42 grade are being made by European mills at around €830-850/tonne fca, down around €30/tonne from last month.

European welded linepipe mills though are unlikely to get much of an opportunity to raise their prices over the short-term amid an economic downturn in Europe, worldwide trade disputes and extremely challenging conditions in the...

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