According to market sources, demand in the local Turkish welded
pipe market has remained strong in the last seven days, just as in previous weeks. However, the long-standing downtrend seen in hot rolled coil (HRC) prices has put pressure on welded
pipe quotations, causing declines in local prices. Meanwhile, market sources confirm that the tightness of supply observed in the previous week has diminished in the past week. In the current week, Turkish producers are showing little interest in exports due to lively demand in the local Turkish welded
pipe market. However, some Turkish sellers have concluded deals for just small tonnages of welded
pipe to Greece, Israel and the UK.
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 $420-450/mt ex-works on actual weight basis, increasing by $50/mt on average over the past week.
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 $415-425/mt FOB, remaining stable as compared to the price levels recorded a week ago.