Trading activity is generally slow in the Turkish seamless pipe market. Foreign seamless pipe suppliers have been forced to continue cutting their offers, seeing slack demand from Turkish buyers. Import quotations of Ukrainian seamless pipes have declined by a maximum of $40/mt over the past month, while offers of Chinese seamless pipes to Turkey have decreased by $30-50/mt. Prices of Russian seamless pipes have moved down by $20-30/mt over the same period. At the same time, import quotations of Romanian material have remained unchanged at previous levels.
Demand for seamless pipes from consuming industries in Turkey is expected to stay at minimal levels in the near term due to the influence of seasonal factors, though buying activity may start to recover by the end of February.
Chinese suppliers are offering seamless pipes of 2"-16" grade B made to ASTM to the Turkish market in the price range of $800-870/mt CFR.
February production pipes from Ukrainian producers of 2"-8" grade B as per ASTM A106 are being offered to the Turkish market at about $1,000-1,100/mt CFR, while pipes with 60.3-168.3 mm diameter of steel grade 10, 20 made to GOST are quoted at around $980-1,080/mt CFR.
Russian producer ChTPZ is offering February production seamless pipes, 2"-6" grade B made to ASTM, to Turkey at about $980-1,000/mt CFR.
Import offers of seamless pipes from Romania (ArcelorMittal), 3"-10" pipes of grade B made to ASTM, are being given to the Turkish market at around $1,380-1,400/mt CPT.