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

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January 2020 | Welded steel tube & pipe

Substrate costs to support linepipe price appreciation in most markets: Latest Analysis

Barring a collapse in Chinese business confidence after the extended New Year due to the Wuhan coronavirus outbreak, we expect local steel mills to leverage their long lead times into higher coil and plate prices going into the peak ordering season.

Substrate costs to support linepipe price appreciation in most markets

The global welded linepipe and OCTG markets are poised for a price boost as global HR coil and plate prices continue to rise. While North American demand is lackluster, substrate prices are up more than $100/tonne from Q4 lows and are now affecting pipe producers’ margins. As a result, ERW linepipe prices recorded gains for...


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