According to market sources, Chinese offers to the United Arab Emirates (UAE) for 4"-20" seamless pipes of B grade have increased by $5/mt on average week on week to $440-460/mt CFR, while ex-Saudi Arabia seamless pipe offers to the UAE are still at $725-750/mt CFR. Additionally, ex-South Korea offers to the UAE for 2"-6" water and gas ERW pipes have fallen by $42.5/mt week on week to $530-600/mt CFR.
Meanwhile, Japanese offers to the UAE for 2"-10" seamless pipes for grade B have increased by $50/mt during the past month to $1,150-1,250/mt CFR.