Due to higher raw material prices, Romanian seamless pipe producers have been forced to increase their quotations. Over the past month, domestic prices of Romanian seamless pipes have gone up by €30-65/mt ($41-89/mt), while export quotations of seamless pipes from Romanian producers have increased by €100/mt ($136/mt). Market participants expect to see another increase of at least €30/mt ($41/mt) in February due to high raw material prices in the global market. Market players believe that large development programs as well as technological and environmental investments will support seamless pipe demand in the country.
Current local prices for February production seamless pipes of 1"-4" size as per EN 10255 from Romanian producers are at about €950-1,000/mt ($1,294-1,362/mt) ex-works (here and below on a theoretical weight basis and excluding 24 percent VAT). Boiler tubes of 3"-8" size made to EN 10216 are offered to local customers at around €1,000-1,050/mt ($1,362-1,430/mt) ex-works.
Export offers of 3"-8" Sch 40 and Sch 80 seamless pipes of grade B made to ASTM A106/API 5L are being given by ArcelorMittal Roman to the external markets at around €985-1,000/mt ($1.341-1.362/mt) FCA, 12" pipes are at €1,010-1,030/mt ($1.375-1.403/mt) FCA, while 16" pipes are at €1,185-1,200/mt ($1,614-1,634/mt) FCA and 20" seamless pipes are quoted at €1,335-1,350/mt ($1,818-1,838/mt) FCA.
€1 = $1.362