According to market sources, Chinese offers to the United Arab Emirates (
UAE) for 4"-12" seamless pipes of B grade have remained stable over the past week at $440-460/mt CFR, while ex-Ukraine seamless
pipe offers for the same product to the
UAE are still at $770-780/mt CFR. Additionally, ex-South Korea offers to the
UAE for 8"-24" water and gas ERW pipes have moved sideways week on week at $550-625/mt CFR.
Meanwhile, Japanese offers to the
UAE for 2"-10" seamless pipes for grade B have remained stable during the past week at $1,170-1,250/mt CFR.