According to market sources, Chinese offers to the export markets for 0.5"-12" grade B longitudinally welded pipes as per ASTM A53 or API 5L have increased by $10/mt during the past week to $420-430/mt FOB, on theoretical weight basis, in line with the uptrend of hot rolled coil (HRC) prices. Recently, many export offers have been heard from China for the welded pipes in question.
In the same period, Chinese offers to the export markets for 0.5"-12" grade B seamless pipes as per ASTM A53 or API 5L have remained stable week on week at $420-425/mt FOB, on theoretical weight basis.