The Iranian welded pipe market has experienced sluggish buying activity over the past month amid slack demand from the construction sector during Ramadan. Iranian mills have decreased their welded pipe prices by around $35-50/mt over the past month. Local stockists' prices have seen a downward correction of $10-55/mt over the period under review. During the current month of Ramadan, activity in the welded pipe market in Iran is likely to remain very quiet and no surge in demand is expected.
Iranian producers' current domestic prices for 6"-14" welded pipes with 2 mm wall thickness of grade B made to ASTM/API are at IRR 23.0-25.0 million/mt ($787-855/mt) ex-works.
Local stockists' prices for welded pipes of ½"-3" size from Iranian producers are at about $740-770/mt ex-warehouse, compared to $750-800/mt ex-warehouse one month ago. Offers of 20 x 20 mm - 100 x 100 mm hollow sections ex-warehouse Tehran are on average at $580-590/mt ex-warehouse, $55/mt lower compared to one month ago.
Chinese welded pipes, 2"-8" grade B made to ASTM A53/API 5L, are currently being offered to the Iranian market at $490-520/mt CFR, unchanged compared to one month ago.
$1 = IRR 29,233