seamless steel pipe production and trade data - European
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One of the Top 500 enterprises in China foreign trade
QCCO was approved as a member of “China Association for Contracting Projects Abroad “and granted a membership certificate on Sep 28,2005; “Credibility Rating AAA certificate in Foreign Trade” was granted to QCCO by China Shippers’ Association
Source: Customs Statistics, Metol Expert, Various sources, Metol Bulletin Research* Some European figures are MBR estimates
Seamless pipe demand in the CIS region is slow, but expected to pick up over the next few months In December seamless pipe demand for standard grades fell significantly, and as a result, purchasing activity from stockists also declined. We expect stagnant growth in the CIS region as we move into the first quarter of the year with producers slowly scaling up capacity to meet an anticipated pick up in purchases following seasonal demand trends. In mid-February, buying activity should come back online, during this period we expect standard seamless prices to pick up in Russia following the anticipated surge in demand. The OCTG sector of seamless tube and pipe in Russia continued to be supported by strong oil prices. The robust demand for OCTG seamless pipe is likely to be maintained over the next few months with expected high output from Russian oil and gas companies.
European seamless STEEL production and trade data
|
2009 |
2010 |
Apr 11 |
May 11 |
Jun 11 |
Jul 11 |
Aug 11 |
Sep 11 |
Oct 11 |
year-to-date |
y-o-y % chg |
|
|
|
|
|
|
|
|
|
|
|
|
Austria production |
345 |
377 |
35 |
37 |
34 |
26 |
28 |
36 |
- |
296 |
5% |
Net import |
-126 |
-263 |
-31 |
-33 |
-31 |
-33 |
-16 |
-28 |
- |
-246 |
55% |
Apparent cons |
219 |
114 |
4 |
4 |
3 |
-7 |
12 |
8 |
- |
14 |
-84% |
Czech production |
254 |
331 |
33 |
37 |
33 |
34 |
29 |
35 |
- |
296 |
22% |
Net import |
-172 |
-221 |
-20 |
-24 |
-22 |
-19 |
-20 |
-23 |
-23 |
-205 |
10% |
Apparent cons |
82 |
110 |
13 |
13 |
11 |
15 |
9 |
12 |
- |
92 |
18% |
France production |
549 |
576 |
59 |
63 |
57 |
62 |
21 |
61 |
- |
483 |
11% |
Net import |
-196 |
-168 |
-21 |
-23 |
-23 |
-44 |
-9 |
-30 |
-32 |
-261 |
112% |
Apparent cons |
353 |
408 |
38 |
40 |
34 |
18 |
12 |
31 |
- |
254 |
-23% |
Germany production |
1,067 |
1,187 |
108 |
122 |
117 |
88 |
104 |
116 |
- |
971 |
8% |
Net import |
-613 |
-722 |
-47 |
-56 |
-41 |
-36 |
-57 |
-49 |
-49 |
-493 |
-17% |
Apparent cons |
454 |
465 |
61 |
66 |
76 |
51 |
47 |
67 |
- |
527 |
37% |
Greece |
|
|
|
|
|
|
|
|
|
|
|
Net import |
24 |
10 |
1 |
1 |
1 |
1 |
1 |
1 |
- |
10 |
39% |
Italy production |
564 |
760 |
71 |
73 |
76 |
71 |
22 |
- |
- |
507 |
3% |
Net import |
-241 |
-178 |
-15 |
-21 |
-10 |
-13 |
-22 |
10 |
- |
-143 |
4% |
Apparent cons |
323 |
582 |
55 |
51 |
67 |
58 |
- |
- |
- |
354 |
-3% |
No |
|
|
|
|
|
|
|
|
|
|
|
Net import |
66 |
42 |
4 |
4 |
11 |
6 |
7 |
15 |
7 |
81 |
141% |
Poland production |
103 |
27 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Net import |
34 |
60 |
6 |
8 |
8 |
4 |
6 |
5 |
- |
57 |
32% |
Apparent cons |
137 |
38 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Romania production |
318 |
430 |
43 |
48 |
48 |
- |
- |
- |
- |
259 |
23% |
Net import |
-184 |
-337 |
-39 |
-35 |
-37 |
-34 |
-23 |
-29 |
- |
-284 |
28% |
Apparent cons |
134 |
93 |
4 |
13 |
11 |
- |
- |
- |
- |
61 |
28% |
Russia production |
2,139 |
2,649 |
246 |
256 |
242 |
249 |
245 |
228 |
237 |
2,436 |
12% |
Net import |
-87 |
6 |
15 |
16 |
-12 |
7 |
2 |
8 |
10 |
59 |
-334% |
Apparent cons |
2,052 |
2,655 |
261 |
272 |
229 |
256 |
247 |
236 |
247 |
2,495 |
16% |
Spain production |
199 |
292 |
24 |
29 |
27 |
19 |
- |
- |
- |
180 |
4% |
Net import |
-28 |
-69 |
-7 |
-16 |
-21 |
-14 |
-1 |
-3 |
- |
-97 |
206% |
Apparent cons |
171 |
223 |
18 |
13 |
6 |
6 |
- |
- |
- |
87 |
-42% |
Sweden production |
40 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Net import |
-20 |
-18 |
-2 |
-2 |
-3 |
-1 |
1 |
-2 |
- |
-14 |
51% |
Apparent cons |
28 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Turkey |
|
|
|
|
|
|
|
|
|
|
|
Net import |
113 |
178 |
14 |
16 |
12 |
23 |
15 |
19 |
20 |
178 |
22% |
Ukraine production |
510 |
782 |
85 |
77 |
78 |
77 |
71 |
64 |
79 |
757 |
18% |
Net import |
-396 |
-602 |
-60 |
-57 |
-58 |
-58 |
-51 |
-54 |
-54 |
-563 |
13% |
Apparent cons |
114 |
180 |
25 |
20 |
20 |
19 |
20 |
10 |
25 |
194 |
34% |
UK production |
6 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Net import |
83 |
89 |
15 |
16 |
14 |
14 |
14 |
10 |
9 |
107 |
51% |
Apparent cons |
50 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Slovakia production |
44 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Plants in the CIS region are becoming more efficient at producing billet and as a result, seamless tubing prices are not as heavily influenced by fluctuations seen in billet and semi-finished steel prices in the international market. We expect this to be a growing trend over the next few years because it allows companies to hedge against market fluctuations of semis prices, while allowing companies to increase profits using their own material. In Ukraine, production cost of HR seamless pipe should remain stable for the next three months with export prices for semi-finished products remaining unchanged.
European markets remain stable; however, project slowdowns and cancelations have been noted Fears of a slowdown in the economic growth across Europe were heightened this month, as rumours of a credit rating downgrade from Standard & Poor’s rating agency for up to 11 countries in the euro area sent markets down. France confirmed that their country lost its AAA rating this month. The downgrade is of concern as its impact may negatively affect economic growth rates and consumer confidence, directly reducing the consumption of mechanical tube and pipe. According to the IMF, the euro area industrial production index ( seasonally adjusted) declined from September’s rate of 2.6% to 1.6% in October. We expect this contraction, along with a decline in the construction production index, to put a strain on tube and pipe producers in the industrial and construction arenas.
Prices in Europe have remained relatively stable this month, despite the lingering sovereign-debt crisisand weakening euro. The European export market remains supported by the depreciation of the euro, so far this month it has fallen to a low of1.2678 $/€. Slowdowns and cancelations of project decisions have been noted following the start of the new quarter, mostly attributed to economic sentiment. We expect prices to remain fairly firm with little variance this month. Market sentiment and seamless demand will be vulnerable to further credit rating downgrades, along with equity market and commodity price volatility.