Latest situation in the Turkish pipe market

The long-standing stagnation in the Turkish pipe market still continues. The situation of the export-dependent Turkish market is currently balanced by weak overseas demand. The pipe market has seen a decline in sales due to the constriction in the US market during the last five months. In addition, expectations of continued stagnation dominate the export pipe market since European purchases have fallen slightly. The sole reason of the decline in the US market is the low-priced bookings of Chinese mills, which have recently improved the quality of their products. Other countries like Turkey have seen a regression in their share of the US market. Consequently, anti-dumping cases against the Chinese mills are continuing. In particular the Turkish mills are waiting the conclusions of these. With purchases due to be active in Europe after the first quarter of 2007, a re-animation of the market is expected for that period. The general situation of the largest pipe producers has changed. The sector, which has largely depended on industrial pipe production, is now focusing more on water, natural gas and oil line pipes. New investments are also being directed accordingly. The Turkish pipe market, which makes the largest flat rolled purchases, has a solid place in the world market, with. Turkish mills exporting pipes all over the world. The pipe sector, which is consistently being reorganized, follows the latest improvements in technology and has also learned to produce its own technology. Turkish origin ERW pipe prices are at $580-600/mt FOB European levels. Although there have been bookings concluded at these levels, there is a general calm in the market. The reason that the market does not fluctuation is the worldwide calm in the market. Nevertheless, Turkish pipes are able to find customers in every country. The most active purchases are currently being seen in the galvanized pipe and water pipe sectors.