The Turkish welded pipe market has been stagnant over the past two weeks affected by the New Year holiday and dramatic weakening of the Turkish lira against the US dollar. Trading activity in the export markets also remains low as foreign customers are slowly returning after the holiday period. However, Turkish pipe producers are in no hurry to give discounts relying upon expected stronger demand in the coming period. As a result, domestic and export prices of Turkish welded pipes have remained stable over the past fortnight.
Most offers of Turkish ERW pipes and hollow sections with 2-4 mm wall thickness made from hot rolled coil (HRC) of S235JR grade as per EN 10219 are being given to the domestic market at about $650-670/mt ex-works on actual weight basis, while water and gas ERW pipes of 2.0-4.5 mm wall thickness made to EN 10255/DIN 2440 from S235 grade HR products are being offered in the domestic market at $680-700/mt ex-works.
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 $640-660/mt FOB, while water and gas ERW pipes with 20-114 mm diameter and with 2.0-4.5 mm wall thickness made to EN 10255 from S235 grade HR products are being offered for export at about $670-690/mt FOB.