According to market sources, Chinese offers to the United Arab Emirates (UAE) for 4"-12" seamless pipes of B grade have increased by $25/mt over the past week to $550-570/mt CFR, while ex-South Korea offers to the UAE for 8"-24" water and gas ERW pipes have risen by $20/mt week on week to $580-655/mt CFR.
Meanwhile, Japanese offers to the UAE for 2”-16” seamless pipes of grade B have moved increased by $20/mt during the past week to $1,070-1,220/mt CFR.