Producers in the local Turkish welded pipe market have revised their prices upwards week on week, stating that, while they have not been affected by the uncertainty caused by the June 7 general election, the problem of tight supply still exists and also the Turkish lira has continued to lose strength against the US dollar. Meanwhile, demand in the local market is at decent levels on the back of the ongoing Trans-Anatolian pipeline project (TANAP) and amid better weather conditions.
On the other hand, demand for Turkish welded pipe in the export markets remains comparatively weak, and so Turkish producers are focusing on their local market instead of on the foreign markets.
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 are being given to the domestic market at about $545-585/mt ex-works on actual weight basis, increasing by $10/mt compared to last week.
Turkish producers' offers for ERW pipes and hollow sections made from HRC of steel grade S235 JRH as per EN 10219 to foreign customers have increased by $10/mt on the low end week on week to around $490-520/mt FOB.