There have not been any significant changes in the Turkish welded pipe market in the past two weeks. Domestic quotations of welded pipes in Turkey have remained almost unchanged, though with some increases by a maximum of $10/mt seen amid higher raw material quotations and the anticipated recovery of demand in the coming period. Export quotations of welded pipes from Turkey have remained stable over the period under review due to rather weak overseas demand. Market participants believe that higher prices of scrap imports, low inventory levels and the anticipated gradual recovery of consumer demand will probably provide support for the upward movement of Turkish mills' prices in the coming period.
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 $630-650/mt ex-works on actual weight basis, while quotations of cold rolled ERW pipes with 1.2-1.5 mm wall thickness are at around $710-760/mt ex-works. Water and gas ERW pipes of 2.0-4.5 mm wall thickness made to EN 10255/DIN 2440 from S235 grade HR products are being offered in the domestic market at $650-680/mt ex-works.
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 $620-640/mt FOB, while quotations of cold rolled pipes of steel grades S235 and S275 are at around $690-740/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 $640-670/mt FOB.