The Spanish seamless pipe market has seen no positive changes over the past month. Due to the unfavorable economic situation in the country, domestic demand remains extremely weak despite the approach of the traditional peak season. Meanwhile, Spanish seamless pipe suppliers have so far managed to maintain their prices at current levels on the back of firm export demand. Meanwhile, prices offered from Ukraine and China have increased by a maximum of €10/mt ($13/mt) over the past month, while import prices for Italian seamless pipes have not changed. Spanish suppliers do not plan to take a backward step in prices amid firm export demand from the oil and gas sector and will likely keep their prices stable in the coming period.
Current Spanish domestic prices for 2"-4" hot-formed seamless pipes, grade B made to ASTM A106, are at around €1,200-1,220/mt ($1,572-1,598/mt) ex-works, while 6"-10" pipes are at €1,240-1,350/mt ($1,624-1,769/mt) ex-works.
Current export prices of Spanish seamless pipes, 2"-4" grade B according to ASTM A53, are varying at around €1,230-1,250/mt ($1,611-1,638/mt) FOB, while 6"-10" seamless pipes are at €1,280-1,390/mt ($1,677-1,821/mt) FOB.
Prices for Chinese seamless pipes, 2"-6" grade B made to ASTM A106/API 5L, are at about €800-880/mt ($1,048-1,153/mt) CFR Spain, exclusive of antidumping duties (in the range of 17.7-39.2 percent depending on the producer).
Offers of May production Ukrainian seamless pipes with 42-168 mm diameter of 10, 20 steel grade made to GOST 8731/8732 from Interpipe are being given to Spain at €880-900/mt ($1,153-1,179/mt) CPT. Prices are shown exclusive of 25.1 percent antidumping duty.
Quotations of Italian seamless pipes, 6"-10" grade B made to ASTM A106, to Spain are at €1,310-1,430/mt ($1,716-1,873/mt) CPT.
€1 = $ 1.31