Import seamless pipe prices in Spain still on the rise

Import seamless pipe prices have continued to see an upswing in Spain despite scarce transactions. In particular, import prices for Chinese seamless pipes have moved up by €50-70/mt, while offers of Ukrainian material have gone up by a maximum of €20/mt over the past month on the back of costlier round billets. Meanwhile, Spanish producers of seamless pipes have maintained their domestic and export prices at previous levels. Italian suppliers have not changed their seamless pipe offers for Spanish customers over the period under review. The seamless pipe market in Spain is still struggling between the price increases sought by the mills and low demand, which is picking up slowly. At present, seamless pipe prices in Spain are expected to increase further due to rapid increase in prices for raw materials and semi-finished steel all over Europe.
 
Current domestic prices for 2"-6" hot-formed seamless pipes grade B made to ASTM A106/API 5L are at around €1,000-1,070/mt ex-works for January-February production.
 
Current export prices of Spanish seamless pipes, 2"-6" grade B according to ASTM A53/API 5L, are varying at around €1,030-1,100/mt FOB.
 
Prices for Chinese seamless pipes, 2"-6" grade B made to ASTM A106/API 5L, are at about €850-920/mt C&F, exclusive of antidumping duties (in the range of 17.7-39.2 percent depending on the producer).
 
Offers of Ukrainian seamless pipes, 2"-12" grade B made to ASTM A106/API 5L, are at €830-870/mt DDU. These prices are exclusive of 25.1 percent antidumping duty.
 
Quotations of Italian seamless pipes, 2"-5" grade B made to ASTM A106/API 5L, to Spain are at €1,050-1,150/mt CPT.