The UAE seamless pipe market has been experiencing only moderate business activity. Local traders are not greatly interested in purchases of seamless pipe given the minimal activity of end-users and high stocks. Nevertheless, during the past month most import offers of seamless pipes have remained stable. Only quotations of Ukrainian and Romanian pipes have decreased by $20-30/mt. Besides, import offers are mainly nominal due to the Christmas and New Year holidays. Seamless pipe prices are anticipated to remain stable in the coming month as the market is not ready for any hikes.
Quotations of Ukrainian and Romanian pipes have decreased by $20-30/mt in the same period, while other import offers of seamless pipes have remaine unchanged.
Most offers of seamless pipes of 2"-8" grade B made to ASTM/API from the majority of Chinese mills are being given to the local UAE market at $620-640/mt CFR.
Quotations of Ukrainian (Interpipe) seamless pipes, 2"-6" Sch 40 grade B made to ASTM/API, are at $960-1,000/mt CFR, while 8"-10" pipes are at $980-1,020/mt CFR.
Seamless pipes from Romania (ArcelorMittal) of 3"-10" grade B made to ASTM are quoted at about $1,220-1,250/mt CFR.
Offers of Argentinian (Tenaris) seamless pipes of 2"-6" grade B made to ASTM A106/API 5L to the UAE are at $1,400-1,450/mt CFR.
Quotations from France and Germany (V&M) and from Japan (NSSMC) for seamless pipes of 2"-6" grade B made to ASTM/API are at about $1,300-1,350/mt CFR.