Demand in the local Turkish welded pipe market is still at medium levels. Since domestic prices of hot rolled coil (HRC) prices - which is used as feedstock in steel pipe production - have continued to rise, Turkish producers’ welded pipe prices have increased further both for the domestic and export markets. On the other hand, market sources report that Turkish producers are continuing to offer discounts depending on buyer and tonnages.
Over the past week, most offers of Turkish 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 the domestic market have increased by $30/mt to $460-480/mt ex-works on actual weight basis, while this price range has gained acceptance and deals have been concluded in the current week.
Meanwhile, Turkish producers have started to offer ERW pipes and hollow sections made from HRC of steel grade S235 JRH as per EN 10219 to foreign customers at around $490-520/mt FOB on theoretical weight basis, up $90/mt on the low end and increasing by $80/mt on the upper end week on week, against the background of tight supply since Chinese exporters have suspended their export offers. Meanwhile, the new price levels of Turkish exporters have gained acceptance in the export markets.