Demand in the local Turkish welded pipe market is still weak, just like in previous weeks.Since local buyers in Turkey’s welded pipe market are cautious about concluding new bookings due to the ongoing political tensions in the country following the failed coup in mid-July, they are only making purchases to meet their immediate needs. Besides, Turkish producers’ offers for hot rolled coil (HRC) - which is used as feedstock in steel pipe production - have remained unchanged. As a result, Turkish pipe producers have kept their prices stable in the same period.
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 $480-510/mt ex-works, remaining unchanged week on week.
Meanwhile, demand for Turkish welded pipe is still weak in the export markets, while Turkish producers’ welded pipe export offers for the same grade have also remained unchanged week on week at $450-490/mt FOB.