Page 13 - ITATUBE Journal 1 2020
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developments in the oil and gas business.
Therefore, also this market can be considered as difficult in regards of strategical forecasts, which is reflected in the volatile regional production figures of pipeline pipes.
If we now take a look at the price level of steel tube and pipes as
published by FRED, the US bureau of labor statistics (Figure 9), we can see that the tube and pipe price index since September 2018 weakened from 367 down to 339 in March 2020 (-8%). April figures are not yet published, anyhow it can be expected that tube and pipe prices will drop even more significant.
Market information
   Figure 7: Pipeline Project North Stream 2 Source: North Stream
Figure 8: Pipeline Project Keystone XL Source: CTV News
Besides OCTG, as dominating market, the automotive (15%), mechanical engineering (9%) and construction industry (5%) are also strong market segments for the steel tube and pipe suppliers.
The second important market with a market share of 15% is the auto- motive market. Tubes and pipes
 Figure 9: Pipe and Tubes Producer Price Index as per 31st of March 2020 Source: FRED US Bureau of Labor Statistics
 ITAtube Journal No1/July 2020
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