According to market sources, Chinese offers to the United Arab Emirates (UAE) for 4"-12" seamless pipes of B grade have increased by $35/mt over the past week to $525-545/mt CFR, while ex-South Korea offers to the UAE for 8"-24" water and gas ERW pipes have remained unchanged week on week at $560-635/mt CFR.
Meanwhile, Japanese offers to the UAE for 2”-16” seamless pipes of grade B have moved sideways during the past three weeks at $1,050-1,200/mt CFR.