The local Turkish welded pipe market has been quiet in terms of trading activity during the past two weeks. While scrap prices moved have downwards in the recent deals concluded by Turkish mills during the one-week holiday period, domestic hot rolled coil (HRC) prices in Turkey, which had increased after the US had cut the import duty imposed on Turkish steel, were expected to continue to rise in subsequent days. However, no ex-Turkey HRC deal has been heard in the US market following the reduction of the duty in question and US-based buyers still consider Turkish HRC prices to be on the high side. Despite the declines in scrap prices and slack demand, Turkish HRC producers are unwilling to decrease their prices for now as their order books are fairly full. Accordingly, domestic HRC prices in Turkey have begun to move sideways. In line with the prices of HRC, Turkish welded pipe producers have kept their offer range for ERW pipes and hollow sections with 2-4 mm wall thickness made from HRC of S235 grade as per EN 10219 unchanged at $585-610/mt ex-works over the past week. Meanwhile, Turkish welded pipe producers who are giving offers in the upper end of this price range are offering $10/mt discounts for large-volume orders. According to market sources, some deals have been concluded on Turkish lira basis this week as a result of the slight strengthening of the Turkish lira against the US dollar. However, demand is still slack due to the summer season and since buyers are seeking to conclude bookings at lower prices.