According to market sources, prices in the local Turkish welded pipe market have continued to decrease over the past month due to the downtrend of import scrap and billet prices. Meanwhile, demand for Turkish welded pipe has remained slack in the domestic and export markets. However, Turkish exporters have continued to conclude deals for small tonnages to Romania, the UK and Germany in the given period.
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 to the domestic market are at about $400-410/mt ex-works on actual weight basis, declining by $45/mt on average over the past week.
Meanwhile, Turkish producers are offering ERW pipes and hollow sections made from HRC of steel grade S235 JRH as per EN 10219 to foreign customers at around $410-415/mt FOB, decreasing by $18/mt as compared to the price levels recorded in the previous week.