The seamless pipe market in Turkey has slowed down over the past month because of the slump in demand caused by the approach of Ramadan. End-user activity has declined over the past month and thus traders have reduced their purchases. Import offers of Chinese seamless pipes have declined by a maximum of $10/mt over the past month. Prices of Ukrainian seamless pipes for the Turkish market have decreased by $10-20/mt over the period in question, while offers of Russian material have gone down by a maximum of $20/mt. Prices of Romanian seamless pipes have moved down by $30-50/mt over the same period. During the month of Ramadan (started June 28), the seamless pipe market in Turkey is likely to remain quiet and no rise in demand is expected.
Chinese suppliers are offering seamless pipes of 2"-12" grade B made to ASTM A106/API 5L to the Turkish market in the price range of $740-800/mt CFR.
Ukrainian producers' offers for 60-273 mm seamless pipes of grade 10, 20 as per GOST are being given to the Turkish market at about $850-890/mt CFR, while 2"-10" pipes as per ASTM/API are quoted at around $860-900/mt CFR.
Russian producer ChTPZ Group (Pervouralsky Novotrubny Works) is offering 2"-6" seamless hot-formed pipes of grade B made to ASTM at about $780-820/mt CFR.
Import offers of seamless pipes from Romania (ArcelorMittal), 3"-10" of grade B made to ASTM A106 or API 5L, are being given to the Turkish market at around $1,290-1,350/mt CPT.