Over the past month, prices in the local Turkish welded pipe market have increased by $40/mt in line with the uptrend of domestic flat steel quotations. However, demand for domestic welded pipe in Turkey is still weak as trading activity has slowed down due to the approach of the end of the year.
Accordingly, Turkish producers’ offers 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 the domestic market have started to range at $640-660/mt ex-works.
In the same period, Turkish producers’ export prices for ERW pipes and hollow sections with 2-4 mm wall thickness made from HRC of S235 grade as per EN 10219 have also increased by $40/mt, rising to $630-650/mt FOB.