Pre-holiday lull in Italian welded pipe market

Friday, 11 December 2015 15:25:59 (GMT+3)   |  
       

Buying activity in the Italian welded pipe market is rather low ahead of the Christmas and New Year holidays. Italian welded pipe producers have maintained their domestic and export prices unchanged at previous levels, despite the recent price increases for locally produced flat steel products. Market players believe the situation in the Italian welded pipe market may not be positive in December given the winter conditions and the Christmas holidays, while no surge is expected in either demand or prices.
 
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 €450-470/mt ($492-514/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 €550-560/mt ($601-612/mt) ex-works.
 
Export quotations of Italian 2"-6" welded pipes as per EN 10219 are at about €490-500/mt ($536-547/mt) FOB or €460-470/mt ($503-514/mt) ex-works.


Similar articles

Local Chinese steel pipe prices mostly decline

28 Mar | Tube and Pipe

US OCTG exports up 26.8 percent in January

27 Mar | Steel News

India’s VSTL setting up greenfield steel pipe making unit in Odisha

27 Mar | Steel News

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

India’s Welspun secures $62 million steel pipe supply contract in Saudi Arabia

26 Mar | Steel News

Some EU flat steel import quotas about to be exhausted near end of period

26 Mar | Steel News

Canada initiates review on line pipe from S. Korea

25 Mar | Steel News

India’s Welspun and Saudi Arabia’s Aramco terminate steel pipe supply contract

25 Mar | Steel News

US and Canadian rig counts both decline week-on-week

22 Mar | Steel News

US structural pipe and tube exports down 41.7 percent in January

22 Mar | Steel News