SteelOrbis has heard that 2 mm industrial ERW pipe offers given by Turkish producers to the European markets are currently at the level of $450-470/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 $440-460/mt FOB on actual weight basis.
The volume of deals concluded by Turkish pipe producers with Europe (which is the best customer for the Turkish pipe producers) is down approximately 50 percent compared to the same period last year. The sector in Turkey has been having difficulties in exports under the influence of the weak demand in the local European markets.