During the past week, demand in the local Turkish welded pipe market is still slack, while prices have remained stable week on week due to the sideways movement seen in hot rolled coil (HRC) prices. On the other hand, demand for Turkish welded pipe exports is still weak. However, on January 22, the Turkish Ministry of Economy announced that the dumping margins for Russian hot rolled coil (HRC) imports have been revised upwards from 2.22 percent to 9.42-13.66 percent, effective immediately. With this increase in dumping margins, Russian HRC imports are foreseen to decline in Turkey in the coming period. Meanwhile, some Turkish exporters have continued to conclude deals for small welded pipe tonnages to Greece, 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, moving sideways on average over the past week.
Meanwhile, Turkish producers are still offering ERW pipes and hollow sections made from HRC of steel grade S235 JRH as per EN 10219 to foreign customers at around $340-350/mt FOB.