Turkish welded pipe prices have continued to slide down in both the domestic and export markets over the past two weeks in line with decreasing flat steel and raw material prices and subdued demand. Thus, during the given period, domestic and export offers have declined by a maximum of $10/mt. However, buyers are in no hurry to step up their purchases, as they are hoping that the downward trend in the market will continue.
Most offers of Turkish ERW pipes and hollow sections with 2-4 mm wall thickness made from hot rolled coil (HRC) of S235 grade as per EN 10219 are being given to the domestic market at about $620-650/mt ex-works on actual weight basis.
Turkish producers are offering ERW pipes and hollow sections made from HRC of steel grade S235 JRH as per EN 10219 to foreign customers at around $610-630/mt FOB, while quotations of cold rolled pipes of steel grades S235 and S275 are at around $700-750/mt FOB. Water and gas ERW pipes with 20-114 mm diameter and with 2.0-4.5 mm wall thickness made to EN 10255 from S235 grade HR products are being offered for export at about $640-660/mt FOB.