Demand in the local Turkish welded pipe market is still slack this week. Since local buyers in Turkey’s welded pipe market are cautious about concluding new bookings due to the ongoing political tensions in the country, the volume of inquiries for welded pipe in the market is low. Despite the weak demand, Turkish pipe producers have kept their prices stable week on week, since Turkish producers’ offers for hot rolled coil (HRC) - which is used as feedstock in steel pipe production - have remained unchanged in the same period.
Accordingly, 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 to the domestic market are still in the range of $480-510/mt ex-works, remaining unchanged week on week.
Meanwhile, demand for Turkish welded pipe in the export markets is still weak, while Turkish producers’ welded pipe export offers for the same grade have also remained unchanged week on week, at $450-490/mt FOB.