No essential changes have been observed in the Italian seamless pipe market over the past month as the market settles into the quiet pre-Christmas period. Both domestic and export prices for Italian seamless pipes have remained unchanged. Most import offers of seamless pipes have also remained stable, with only offers of Ukrainian and Czech material declining, softening by a maximum of by €10/mt ($6-7/mt) over the period in question. Trading is expected to be dull in the Italian market until mid-January as buyers prefer to postpone bookings until the price trend becomes clearer after the Christmas and New Year holidays.
Current domestic prices for Italian seamless pipes of 2"-6" size as per ASTM or EN are at about €970-1,020/mt ($1,209-1,271/mt) ex-works.
Export quotations of Italian seamless pipes of 2"-6" Sch 40 of grade B as per ASTM A106 are at around €1,000-1,050/mt ($1,246-1,309/mt) FOB.
Prices for Chinese seamless pipes, 2"-6" grade B made to ASTM, are at about €560-610/mt ($698-760/mt) CFR Italy. Prices are exclusive of antidumping (AD) duties of 17.7-39.2 percent.
Ukrainian 2"-6" seamless pipes as per GOST, ASTM or EN are offered to the Italian market at around €780-800/mt ($972-997/mt) CPT (12.3-13.8 percent AD duty not included).
Prices for Romanian origin seamless steel tubes (ArcelorMittal Roman) of 3"-10" grade B made to ASTM or as per EN are at about €950-980/mt ($1,184-1,221/mt) CPT.
Czech origin 3"-10" seamless steel tubes (ArcelorMittal Ostrava), as per ASTM, are quoted for Italian consumers at around €920-950/mt ($1,147-1,184/mt) CPT.
€1 = $1.25