Research

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

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May 2017 | Industrial & Structural Tube & Pipe Market Tracker


Key Market Highlights: European Seamless mechanical prices have continued to rise this month


Customers are very cautious on the issue of making big purchases and are buying only what they need amid the subdued prospects for the consuming sectors and negative sentiment in the European flat steel market.

European mechanical and drawn market:
  • Seamless mechanical prices have continued to rise this month, and we have moved European prices up by another €20-30/tonne, bringing average prices to just under €900/tonne.

 

There has been no let-up in the boom in the US OCTG market, which is driving many European seamless mills to focus their production towards this market, tightening supply into the seamless mechanical market and extending lead times here. Eastern European offers which had been lagging their Western European counterparts slightly now appear to have caught up with average offerings from the West. The lack of capacity for production into the mechanical sector is now becoming an issue across all of...

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