Demand still slack in local Turkish welded pipe market

This week, demand in the local Turkish welded pipe market has remained slack, as buyers have continued to make bookings only to meet their immediate needs given the ongoing depreciation of the Turkish lira against the US dollar and also due to the ongoing political and economic uncertainties in Turkey. As a result of the weak demand, prices in the local Turkish welded pipe market have remained stable week on week despite the upward trend of domestic hot rolled coil (HRC) quotations.
 
Turkish producers' offers for 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 at $560-580/mt ex-works.
 
In the same period, Turkish producers' export prices for ERW pipes and hollow sections with 2-4 mm wall thickness made from HRC of S235 grade as per EN 10219 are still at $560-570/mt FOB.