During the past week, demand in the local Turkish welded pipe market has remained slack, while prices have decreased week on week. Buyers prefer to postpone their bookings since they are waiting for hot rolled coil (HRC) to soften and are awaiting further declines in domestic welded pipe prices. On the other hand, demand for Turkish welded pipe exports is still weak. However, some Turkish exporters have continued to conclude deals for small welded pipe tonnages to Israel, Georgia, Romania 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 $350-385/mt ex-works on actual weight basis, decreasing by $20-25/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 $340-350/mt FOB, declining by $10/mt on the upper end as compared to the price levels recorded a week ago.