Sentiment likely to remain weak in Turkish seamless pipe market

Tuesday, 27 January 2015 16:36:00 (GMT+3)   |  
       

Foreign seamless pipe suppliers have mostly decreased their offers for the Turkish market under pressure from low Chinese prices and sluggish demand. Quotations of Romanian pipes have moved down by around $80-90/mt, while Russian and Ukrainian seamless pipe offers have decreased by $10-30/mt over the past month. Import offers of seamless pipes from China have remained stable over the past month. Market insiders believe that sentiment in the Turkish seamless pipe market will hardly improve in the short term.

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 $640-680/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 $780-820/mt CFR, while 2"-10" pipes as per ASTM/API are quoted at around $800-840/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 $820-840/mt CFR Turkey.

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 $1,100-1,120/mt CPT.


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