Ex-China welded pipe to Europe

A China-origin welded pipe export deal to Europe as been concluded for 2,000 mt of Q235/Q345 grade (10-15 mm thickness, 508-1,000 mm outer diameter, and 10,000-12,000 mm length) at $700-710/mt FOB on actual weight basis via payment by letter of credit for late January shipment. The export of welded pipes to European countries is much brisker than that of seamless steel pipes and tubes. There are still some risks, on the one hand caused by the recent sharp revaluation of the RMB against the US dollar, and on the other hand affected by the rise in raw material costs, considered when negotiating with overseas buyers. As a result, the Chinese seller said at the beginning that they would quote higher prices to European customers in order to reduce the risks, and this left more room for further discussions with the customer. Recently due to the increased variety in specifications and quality of seamless steel pipes, there are more orders coming in from other countries.