Over the past week, prices in the local Turkish welded pipe market have continued to move upwards amid the ongoing rises in domestic hot rolled coil (HRC) prices. Accordingly, 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 increased by $25/mt on average to $580-610/mt ex-works.
While Turkish welded pipe traders started to make bookings when prices began to increase, the expected recovery in terms of end-users’ demand has not materialized yet. Accordingly, if demand for welded pipe from end-users does not increase, traders are unlikely to continue their bookings in the longer term.