Page 13 - ITAtube Journal 1 2026

can satisfy US demand. Seamless tube
production increased by 12%.
• India: Following a god year 2024, the
fi rst half of 2025 saw production reach
an impressive record, with a tube and
pipe production increase of +94%.
Welded tubes under 16” increased even
by 272%. Seamless tube production
increased by 77%. Pipeline tube larger
16” OD production increased by a mod-
erate 3%.
• Europe: Production remains at the low
level of 2024, with only 3% growth in
early 2025. Pipeline tubes measuring
over 16% anyhow increased by 20%,
while seamless production recovered by
8% following earlier cuts. Welded tubes
measuring less than 16 inches decreased
slightly by -2%.
• CIS: Total output declined by 7% in
the fi rst half of 2025. Seamless tubes
decreased by 25%. Welded tubes below
16” remained low but increased by 31%.
Pipeline tubes remained unchanged.
• China: Accounting for 52% of global
output, China’s growth was +5% in the
fi rst half of 2025 (see Figure 8). Pipeline
tubes >16” increased by 56%, while tubes
<16” shrank 5%. Strong activity in the
Middle East compensated for U.S. trade
restrictions.
Prices for OCTG appear to have slightly
decreased in 2026. Structural tube priced
remain steady.
Figure 9 shows price development for:
• P110 OCTG casing (5.5”)
• S235 structural pipe
ITAtube Journal April 2026
Market information
Figure 8: Pipe Production China 2020- 2025e and
World Production 2025e
Source: Wirtschaftsvereinigung Stahlrohre, ITA
Figure 9: Representative Steel Tube and Pipe Prices
(OCTG – P110 USA and Structural S235 Turkey) one
year until March 2026
Source: Kallanish.com
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