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 $620-650/mt ex-works.
As buyers have concluded some deals for small tonnages in order to meet their immediate needs, the slow recovery in domestic welded pipe demand in Turkey has continued during the past week. While some buyers are continuing to adopt a wait-and-see stance due to upcoming local elections to be held on March 31, no significant recovery is expected in terms of demand after the elections either due to high inventory costs. As a result, prices in the local Turkish welded pipe market are unlikely to record sharp fluctuations in the coming weeks.