Chinese seamless pipe export offers decrease again

SteelOrbis has been informed that demand for Chinese seamless pipe in the export markets has remained at low levels in the current week, while buyers are postponing their seamless pipe purchases due to the ongoing declines in seamless pipe quotations. Meanwhile, Chinese offers to the export markets for 1"-12" grade B seamless pipes as per ASTM A53 or API 5L have decreased by $50/mt on average week on week to $410-430/mt FOB on theoretical weight basis, amid weak demand conditions.