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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