It is reported that because of the weak welded pipe market demand, some of Iran's local distributors have reduced their stock offer price by USD 15 per tonne to USD 45 per tonne.
However, Iran's tube & pipe producers have not been willing to reduce their offer price at this moment they believed their offer price is already the bottom.
Now, in Iran domestic market, the welded pipe price in January is the same as its price level in last December; the offer price of welded pipe of EN 10219 or DIN 2394 with OD 8" and thickness 2mm to 6mm is about USD 740 per tonne to USD 750 per tonne the price for same standard's square tube is also the same level.
Due to the raising raw material price in global steel market, Iran's pipe producers might have higher possibility to raise their price in the coming months but the weak domestic demand might show some impact on their decision.
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