Demand for seamless pipes is increasing gradually in the
UAE as market sentiment continues to improve. Import quotations of most Chinese suppliers have gone up by around $20/mt over the past month, while quotations of Romanian pipes have moved up by a maximum of $10/mt. Offers of Ukrainian line pipes for the
UAE have gone down by a maximum of $15/mt over the past month, while prices of Argentinian material have declined by $10-30/mt amid efforts to increase sales volumes. Over the same period, Japanese, South African and German suppliers have left their seamless
pipe offers for the
UAE unchanged. Market players believe that demand for seamless pipes will increase in the
UAE in the coming period due to the large number of mega projects planned or getting underway.
Most offers of seamless pipes of 2"-8" grade B made to ASTM/API from most Chinese mills are being given to the local
UAE market at $780-800/mt CFR, while large mills are offering the same material at around $880-900/mt CFR.
Quotations of Ukrainian (Interpipe) seamless pipes, 2"-6" Sch 40 grade B made to ASTM/API, are at $980-1,015/mt CFR, while 8"-10" pipes are at $1,000-1,035/mt CFR.
Seamless pipes from
Romania (ArcelorMittal) of 3"-10" grade B made to ASTM are quoted at about $1,360-1,420/mt CFR.
South African (ArcelorMittal) seamless pipes, 3"-6" grade B made to ASTM/API, are being quoted to the
UAE in the range of $1,000-1,050/mt CFR.
Offers of seamless pipes from
Argentina, 2"-6" grade B made to ASTM/API from Tenaris, are being given to the
UAE at $1,500-1,550/mt CFR.
Quotations from
France and
Germany (V&M) and from Japan (NSSMC) for seamless pipes of 2"-6" grade B made to ASTM/API are at about $1,400-1,450/mt CFR.