Demand in the local Turkish welded pipe market has remained slack this week. While buyers still making bookings only to meet their immediate needs before the end-of-Ramadan holiday, demand is expected to recover slightly after the holiday. With Turkish producers’ offers for hot rolled coil (HRC) - which is used as feedstock in steel pipe production - moving downwards during the past week, Turkish pipe producers have decreased their welded pipe offers to the domestic market by $20/mt this week.
Accordingly, 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 still in the range of $500-530/mt ex-works, down $20/mt.
Meanwhile, Turkish producers’ welded pipe export offers have decreased by $20/mt week on week to $510-530/mt FOB on theoretical weight basis, since demand for Turkish welded pipes is also weak in the export markets.