Research

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

Change font size:   

January 2020 | Welded steel tube & pipe


Prices begin to rally: Europe and CIS Market Analysis


Russian prices remain at a discount with X65 LSAW currently quoted at $950-990/tonne ex-works.

API plate prices in Europe in January stayed at €660-670/tonne for non-sour X65 grade. But producers are targeting price rises on the back of higher slab costs. For now, price increases have not been implemented as producers continue to experience slow bookings. But as a spate of linepipe deals have recently been signed – see below – we expect mills will be able to enforce the higher prices.

API 5L X65 LSAW linepipe is now at €1,000-1,035/tonne fca for standard sizes. Once again, EU linepipe mills are expected to push prices higher in the next month or so as they have now secured a base load order book for much of 2020 and consequently do not need to be aggressive on price to secure supplemental orders.

Russian prices remain at a discount with X65 LSAW currently quoted at $950-990/tonne ex-works. With the end of...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?