Despite expectations, buying activity is still slack in the
UAE seamless
pipe market amid weak consumer demand. Emirati traders are mostly refraining from purchases due to their high inventories. Most foreign suppliers have left their seamless
pipe offers more or less unchanged over the past month. Only Romanian suppliers have raised their quotations by around $50/mt over the same period. Meanwhile, market insiders expect seamless
pipe demand in the
UAE to rebound in the near future as the business activities of consuming industries are expected to gain momentum soon on the back of a number of new projects.
Offers of Chinese seamless pipes of 2"-8" grade B made to ASTM/API are being given to the local
UAE market at $800-850/mt CFR.
Quotations of Ukrainian (
Interpipe) seamless pipes, 2"-10" Sch 40 grade B made to ASTM/API, are at $1,080-1,120/mt CFR.
Seamless pipes from
Romania (
ArcelorMittal) of 3"-12" grade B made to ASTM are quoted at about $1,380-1,420/mt CFR Dubai.
South African (
ArcelorMittal) seamless pipes, 3"-6" grade B made to ASTM/API, are being quoted to the
UAE in the range of $1,080-1,130/mt CFR.
Offers of seamless pipes from Argentina, 2"-6" grade B made to ASTM/API from Tenaris, are being given to the
UAE at $1,500-1,550/mt CFR.
Quotations from
France and
Germany (V&M) and from
Japan (
NSSMC) for seamless pipes of 2"-6" grade B made to ASTM/API are at about $1,400-1,450/mt CFR.