Welded pipe mills in Italy have kept their offers basically unchanged over the past month despite the lack of consumption and demand. Only in some cases the upper end of Italian welded pipe prices has declined by €5/mt over the past month, while the bottom end of the price range has remained at the previous level. During the same period, Turkish suppliers have cut their offers for Italy by around €10-20/mt, while import offers of Bulgarian welded pipes have stayed unchanged. Besides, Italian customers are very cautious on the issue of making big purchases before the summer holiday season and are buying only what they need. Most market players believe no improvements will be seen during the summer since demand for local and foreign materials is unlikely to increase.
Current local prices for Italian welded pipes of 2"-6" size with wall thickness of 2.0-4.0 mm as per EN 10219 made of base steel grade S235JR HR coils are at about €500-535/mt ($570-610/mt) ex-works. Prices are shown on actual weight basis and excluding 22 percent VAT. Domestic prices for standard-size precision welded tubes E235 grade as per EN 10305-3 are at about €620-630/mt ($707-718/mt) ex-works.
Export quotations of Italian 2"-6" welded pipes as per EN 10219 are about €530-570/mt ($604-650/mt) FOB or €510-540/mt ($581-616/mt) ex-works. In particular, offer prices for Spain are in the range of €540-575/mt ($616-656/mt) CPT.
Offers from Turkish suppliers of industrial welded pipes with 2-4 mm wall thickness made from HR coils are being given at an average of €480-520/mt ($547-593/mt) CFR to Italy and at €500-540/mt ($570-616/mt) CFR to Spain.
Offers of Bulgarian welded pipes to the Italian market are standing at an average of €500-520/mt ($570-593/mt) CPT on theoretical weight basis.
€1 = $1.14