Sentiment remains negative in Indian welded pipe market

Friday, 04 April 2014 15:18:57 (GMT+3)   |  
       

Indian welded pipe producers report that their sales remain stagnant due to sluggish domestic demand, against a backdrop of lower local flat steel quotations. Domestic quotations of Indian ERW pipes have decreased by INR 500-1,000/mt ($8-16/mt) over the past two weeks, while export prices have declined by $10-20/mt during the same period. Negative expectations prevail in the Indian welded pipe market amid the stagnancy on the demand side.
 
Domestic quotations of 1"-6" black ERW pipes made to IS 1239 or BS 1387 (light series) from Indian producers are at levels of INR 42,000-44,500/mt ($697-739/mt) ex-works, excluding tax, on actual weight basis. Current domestic prices of 1"-6" galvanized ERW pipes made to BS 1387 (light series) are in the range of INR 47,000-49,000/mt ($780-813/mt) ex-works.
 
Most Indian producers are offering 1"-6" black ERW pipes as per BS 1387 (light series) to foreign customers at around $700-730/mt FOB on actual weight basis. Export prices of galvanized ERW pipes of 1"-6" size made to BS 1387 from most Indian producers are at around $790-830/mt FOB.
 
$1 = INR 60.25

Similar articles

US structural pipe and tube exports down 7.3 percent in September

28 Nov | Steel News

GCC to announce definitive safeguard measures against certain steel imports

10 May | Steel News

Turkish welded pipe producers’ export prices remain stable

07 Aug | Tube and Pipe

Local Turkish welded pipe prices remain stable

02 Aug | Tube and Pipe

Local Chinese steel pipe prices indicate slight fluctuations

01 Aug | Tube and Pipe

Turkish welded pipe producers' export prices remain stable

31 Jul | Tube and Pipe

Chinese steel pipe export offer prices move sideways

31 Jul | Tube and Pipe

Local Chinese steel pipe prices mostly remain stable

25 Jul | Tube and Pipe

Local Turkish welded pipe offers remain stable

12 Jul | Tube and Pipe

Local Chinese steel pipe prices soften slightly or move sideways

11 Jul | Tube and Pipe