Participants in the European welded pipe market are waiting for the result of the EU’s safeguard duty investigation against imported steel, which is expected to be announced this weekend. Last week, a welded pipe producer in Bulgaria increased its offers for some European countries by an average of €10/mt to €590-630/mt ($690-737/mt) CPT, supported by the upward movement of global hot rolled coil (HRC) prices. This week, most market players have adopted a wait-and-see stance and no deals have been concluded, while the Bulgarian producer has maintained its prices stable week on week.
As a result, quotations for the product in question from Bulgaria to Hungary and Poland are at €600-610/mt ($702-714/mt) CPT, with other offers to the Czech Republic and Austria being at €610-620/mt ($714-725/mt) CPT, offers to Romania are at €590-600/mt ($690-702/mt) CPT and prices offers to Germany are at €620-630/mt ($725-737/mt) CPT.
€1 = $1.17