Inquiries for Turkish welded pipe in export markets decrease

Over the past week, Turkish welded pipe suppliers have not been active in export markets due to the approach of the new year. Buyers in target markets, especially in Europe, have not been interested in price offers and have started to withdraw from the market. Since the quota for imported welded pipe in Europe has almost been exhausted, demand for imported welded pipe in the region has almost come to halt as buyers are avoiding from paying deposit for 25 percent of import duty. Meanwhile, few buyers in the Middle East have continued to make inquiries for Turkish welded pipe, though these inquiries have not turned to actual transactions as buyers have not been willing to make bookings before the new year. In the given period, no new price offers have been heard from some of the Turkish welded pipe exporters, while some of the exporters have continued to make offers and have maintained their prices at last week’s price levels. As a result, 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 export markets has remained stable at $590-605/mt FOB.