Tight supply still exists in the local Turkish welded
pipe market amid the continuing strength of domestic demand, with Turkish welded
pipe producers still witnessing higher demand with the help of improving weather conditions and the ongoing Trans-Anatolian pipeline project (TANAP).
Although demand for Turkish welded
pipe in the European market has continued to improve, negotiations between Greece and its creditors are being watched closely by Turkish exporters. If Greece and its creditors fail to come to terms, the euro is expected to lose ground against the Turkish lira, negatively impacting Turkish welded
pipe exports to the European market. Meanwhile, in the Middle East market it has become difficult for Turkish welded
pipe exporters to conclude sales due to Ramadan.
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 are still being given to the domestic market at about $545-585/mt ex-works on actual weight basis.
Turkish producers are offering ERW pipes and hollow sections made from HRC of steel grade S235 JRH as per EN 10219 to foreign customers at around $500-530/mt FOB, unchanged compared to the price levels recorded in the previous week.