Despite expectations, buying activity is still slack in the
UAE seamless
pipe market amid weak consumer demand. Emirati traders are mostly refraining from purchases due to their high inventories. Most foreign suppliers have left their seamless
pipe offers more or less unchanged over the past month. Only Romanian suppliers have raised their quotations by around $50/mt over the same period. Meanwhile, market insiders expect seamless
pipe demand in the
UAE to rebound in the near future as the business activities of consuming industries are expected to gain momentum soon on the back of a number of new projects.