After last week’s brief upward movement, supported by stronger hot rolled coil (HRC) and scrap prices, Turkish hollow section producers have had to reduce their offers back to the previous levels. Market participants report that the latest decrease is more of a correction than a sharp drop, as cost expectations and the relatively firm scrap market continue to prevent deeper declines. However, demand remains sluggish in both the domestic and export markets. Export sales in particular are challenging, as Turkish producers face competition from lower-priced global suppliers, making it difficult to attract buying interest. Given these conditions, pipe manufacturers express uncertainty about the coming weeks and the transition into the new year. Many producers note that 2025 has been a difficult year in terms of demand and financial pressure, and they expect 2026 to present similar challenges. As a result, several market players emphasize the need for producers to be cautious regarding production capacity, financial planning and inventory management moving forward.
This week, workable domestic hollow section prices have softened slightly to $620-630/mt ex-works, reflecting a reduction of about $10/mt from last week. Several producers continue to offer lower, with discounted levels of $600-610/mt ex-works for larger tonnages.
Export prices have followed a similar trend, decreasing by around $5/mt to $610-620/mt FOB. However, according to sources, some larger mills have offered even more competitive prices, with levels reported around $580/mt FOB.
