Seamless pipe demand in Saudi Arabia has remained sluggish because of the slow implementation of infrastructure projects. Most foreign suppliers of seamless pipes have continued to cut prices to spur buying activity. Chinese suppliers have cut their seamless pipe offer prices by $10-30/mt from one month ago, while quotations of Ukrainian material have lost around $10/mt. Seamless pipe suppliers from South Africa have decreased their offers for the Saudi market by a maximum of $10/mt over the past month, while prices of Japanese seamless pipes have declined by $5-15/mt. Meanwhile, Saudi buyers prefer to take a wait-and-see approach in order to gain a clearer picture of the market situation.
Most offers of Chinese seamless pipes of 2"-6" grade B made to ASTM are being given to the Saudi Arabian market at $780-840/mt CFR, while quotations of seamless pipes from larger Chinese mills are at $900-950/mt CFR.
Quotations of Ukrainian seamless pipes (Interpipe) of 2"-10" grade B made to ASTM A106 to Saudi Arabia are at $1,020-1,050/mt CFR, while offers of 1" seamless pipes are at around $1,200-1,220/mt CFR.
South African seamless pipes (ArcelorMittal), 2"-6" grade B made to ASTM A106, are quoted at around $1,050-1,070/mt CFR Saudi Arabia.
Quotations from Japan (NSSMC) for seamless pipes of 2"-6" grade B made to ASTM A106/API 5L are at about $1,420-1,460/mt CFR Saudi Arabia.