German suppliers of seamless pipes have continued to face unfavorable market conditions over the past month. German producers have cut their prices for standard seamless pipes by around €20/mt ($26/mt) over the past month due to the lack of activity in domestic and overseas markets. During the period under review, quotations of Chinese seamless pipes have decreased by €30-40/mt ($40-53/mt), while Romanian and Italian suppliers have cut their offers by a maximum of €10/mt ($13/mt).
Market players believe seamless pipe prices in Germany may dip further on the back of the continuing decline in raw material prices and the lack of prospects for substantial growth of demand for seamless pipes in the coming month. At the same time, German seamless pipe producers are trying to avoid further price reductions and are seeking to hold their listed offers firm, though they are ready to give discounts when signing contracts.
German 2"-6" seamless pipes of grade S355 made to EN 10210 are being given to local buyers at around €880-920/mt ($1,162-1,214/mt) delivered.
Export offers of 2"-6" seamless pipes of grade S355 made to EN 10210 are being given by German producers at around €900-930/mt ($1,188-1,228/mt) FCA.
Export quotations of German 2"-6" seamless pipes of grade B as per API 5L are in the range of €1,050-1,080/mt ($1,386-1,426/mt) FCA.
Export offers of 2"-6" seamless steel boiler tubes made to EN 10216 of steel grade P235 GH are being given by German producers at around €1,200-1,250/mt ($1,584-1,650/mt) FCA.
Prices for Chinese seamless pipes 2"-6" grade B made to ASTM A106/API 5L are at about €600-660/mt ($792-871/mt) CFR Germany, exclusive of antidumping duties.
Romanian 4"-6" seamless pipes made to EN 10210 of steel grade S355J2H are being offered to the German market at about €930-950/mt ($1,228-1,254/mt) CPT.
Prices for Italian seamless pipes 2"-5" grade B made to ASTM A106 are at about €1,040-1,100/mt ($1,373-1,452/mt) CPT.
€1 = $1.32