According to market sources, Chinese offers to the United Arab Emirates (UAE) for 4"-12" seamless pipes of B grade have remained stable over the past two weeks at $440-460/mt CFR, while ex-Ukraine seamless pipe offers for the same product to the UAE are at $770-780/mt CFR. Additionally, ex-South Korea offers to the UAE for 8"-24" water and gas ERW pipes have increased by $22.5/mt week on week to $550-625/mt CFR.
Meanwhile, Japanese offers to the UAE for 2”-10” seamless pipes for grade B have increased by $10/mt on average during the past two weeks to $1,170-1,250/mt CFR.