According to market sources, demand in the local Turkish welded
pipe market has improved to medium levels over the past two weeks against the backdrop of the increases seen in import scrap and billet prices in
Turkey. Contrary to domestic welded
pipe prices, welded
pipe offers from
Turkey to the export markets have moved downwards during the past two weeks. With the US dollar recovering to $1.10 against the euro, Turkish exporters have reduced their welded
pipe offers to
Europe, targeting a price range below locally produced European welded
pipe prices. Some Turkish welded
pipe producers state that their sales to European countries have increased, with demand for Turkish welded
pipe in the region currently at medium levels.
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 to the domestic market are at about $400-410/mt ex-works on actual weight basis, increasing by $10/mt on average over the past two weeks.
Meanwhile, Turkish producers are offering ERW pipes and hollow sections made from HRC of steel grade S235 JRH as per EN 10219 to foreign customers are at around $380-390/mt FOB, decreasing by $18/mt as compared to the price levels recorded two weeks ago.