No change expected in Turkish domestic welded pipe market before new year

Friday, 21 December 2018 16:08:19 (GMT+3)   |   Istanbul
       

During the past week, 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 domestic market has remained stable at $570-600/mt ex-works, though most offers are still just below $600/mt ex-works. However, demand for welded pipe in Turkey market is very slack due to the decline in economic growth, decreasing domestic consumption and the approach of the new year, while buyers are staying on the sidelines. As for the coming week, demand in the local Turkish welded pipe market is not likely to recover and producers are not expected to revise their prices before the new year.

 


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