SteelOrbis has heard that 2 mm industrial ERW pipe offers given by Turkish producers to the European markets are currently at the level of $540-560/mt FOB on actual weight basis. Meanwhile, 40 x 40 x 2 mm hollow section offers given by Turkish producers to the European markets are standing in the range of $520-540/mt FOB on actual weight basis.
In Europe, although demand is still very low as compared to the first quarter of 2008, there has been a small improvement seen in demand levels compared to the final months of 2008. Flat product costs are preventing pipe and hollow section prices from going down.