According to market sources, demand for Chinese welded pipes in the export markets is still on the low side. Despite the uptrend of prices of hot rolled coil (HRC) - the raw material for welded
pipe production - Chinese offers to the export markets for 0.5"-12" grade B water and gas welded pipes as per ASTM A53 or API 5L have remained stable over the past week at $380-400/mt FOB on theoretical weight basis.