Healthy demand in Saudi Arabian welded pipe market

Monday, 24 March 2014 11:15:34 (GMT+3)   |  
       

Purchasing activity in the Saudi Arabian welded pipe market has remained firm driven by pipeline and infrastructure projects. Saudi welded pipe producers have kept their prices largely unchanged over the past month amid stable flat steel prices and healthy demand in the local market. Market players believe the welded pipe market in Saudi Arabia will maintain its strength amid the seasonal demand revival and government investments. In particular, SAR 255 billion will be splashed out in Saudi Arabia on infrastructure, energy, property and transportation projects between now and 2030.

Welded pipes with 6"-10" diameter made of grade B steel to ASTM A53 /API 5L from quality producers (approved by Saudi Aramco) are offered in the domestic market at $930-950/mt ex-works on theoretical weight basis, while commercial quality 2"-8" welded pipes made of grade A steel to ASTM A53 are quoted to local buyers at $860-880/mt delivered.

Export quotations of welded pipes of grade B as per ASTM A53 from Saudi Arabian commercial producers are at $880-910/mt FOB, while export offers of quality pipes are at $980-1,000/mt FOB.

Import offers of Chinese welded pipes of 2"-6" grade B made to ASTM A106/API 5L are being given to the local Saudi market at around $670-700/mt CFR, unchanged compared to the level of one month ago.

$1 = SAR 3.750


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