Italian welded pipe makers have lifted domestic and export prices by €10-20/mt over the past two weeks in line with rising quotations of flats. It is reported that a major Italian steel producer has raised its flat steel product prices during the past week by €20/mt. Meanwhile, welded pipe demand from both domestic buyers and neighboring countries remains rather moderate, and Italian pipe suppliers are ready to give €10-20/mt discounts. Prices of Bulgarian welded pipes have remained at previous levels. Romanian suppliers have reduced their welded pipe offers for Italian customers by a maximum of €20/mt over the past two weeks due to weak demand. Over the same period, import offers of Indian welded pipes for Italy have increased by €10-20/mt, while offers of Turkish welded pipes have risen by €35-50/mt on the back of currency fluctuations and higher coil prices. The Italian welded pipe market is expected to stay depressed in the coming period under the influence of quite low buying activity in the market.
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 from base steel grade S235JR HR coils are at about €580-620/mt ex-works (here and below on actual weight basis and excluding 20 percent VAT). Pickled pipes of sizes up to 6" from Italian producers are being offered to the domestic market at around €640-660/mt ex-works, with galvanized pipes at about €790-810/mt ex-works for 1.5-3.0 mm wall thickness. Local quotations of 3"-8" welded pipes of L235 steel grade as per EN 10208, used for combustible fluids, are at €630-650/mt ex-works.
Export quotations of Italian 2"-6" welded pipes as per EN 10219 are at about €600-650/mt FOB (transportation by sea) or €580-620/mt ex-works (transportation overland). In particular, offer prices for Spain are in ranges of €630-680/mt C&F or €620-650/mt CPT.
Import offers of Romanian 3"-8" welded pipes of L235 steel grade as per EN 10208 are coming to the Italian market at around €600-640/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 €570-640/mt C&F to Italy and €580-650/mt C&F to Spain. The prices of Turkish welded pipes with 1.5 mm wall thickness made from CR coils are at about €645-710/mt C&F to the Italian market and at €655-725/mt C&F to the Spanish market.
Quotations of Indian black welded pipes of 1"-6" size as per BS 1387 or DIN 2440/2444 or EN 10255 to the Italian market are at the level of €675-705/mt C&F, while galvanized welded pipes are at €770-790/mt C&F.
Offers of Bulgarian welded pipes to the Spanish market are standing at an average of €640-660/mt CPT on theoretical weight basis.