The situation in the Italian welded pipe market has not changed much over the past month. Demand from domestic buyers has remained extremely low due to the holiday season and is not expected to recover before September. Domestic and export quotations of Italian welded pipes have remained unchanged. On the other hand, import offers of Turkish welded pipes to the Italian market have increased by €10-20/mt ($13-26/mt) during the period under review, mainly due to currency fluctuations, while prices of Bulgarian material have moved down by €30-40/mt ($40-53/mt) during the same period. The forecasted higher raw material costs in Italy and also the anticipated improvement in end-user demand for welded pipes after the summer period are both expected to influence welded pipe quotations in the coming period.
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 hot rolled coil (HRC) are on sale to local clients at €500-530/mt ($660-700/mt) delivered. Prices are shown on actual weight basis and excluding 21 percent VAT. Galvanized pipes made to EN 10219 from DC01 grade CRC are quoted at €590-620/mt ($779-818/mt) delivered.
Export quotations of Italian 2"-6" welded pipes as per EN 10219 are at about €530-560/mt ($700-739/mt) FOB (transportation by sea) or €500-530/mt ($660-700/mt) ex-works (transportation overland).
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 €520-540/mt ($686-713/mt) CFR to Italy and at €530-560/mt ($700-739/mt) CFR to Spain.
Offers of Bulgarian welded pipes to the Italian market are standing at an average of €520-550/mt ($686-726mt) CPT on theoretical weight basis.
€1 = $1.32