According to market sources, Chinese offers to the United Arab Emirates (UAE) for 4"-12" seamless pipes of B grade have increased by $10/mt over the past week to $450-470/mt CFR, while ex-South Korea offers to the UAE for 8"-24" water and gas ERW pipes have also moved up by $10/mt week on week to $560-635/mt CFR.
Meanwhile, Japanese offers to the UAE for 2"-10" seamless pipes for grade B have remained stable during the past week at $1,170-1,250/mt CFR.