Following the downward revision observed last week in Turkish producers’ offer range 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 their domestic markets, their prices have remained stable week on week at $600-620/mt ex-works.
Market sources state that demand in the local Turkish welded pipe market has remained at very low levels due to the ongoing delay in confirming local election results in major Turkish cities. Meanwhile, SteelOrbis has been informed that some buyers in the local welded pipe market are waiting to gain a clearer picture of the likely future trend of the Turkish lira-US dollar exchange rate, and so demand is not expected to indicate a rapid improvement in the short term.