Slack demand in Turkish welded pipe market

According to market sources, trading activity in the local Turkish welded pipe market has slowed down significantly after to the coup attempt in the country on July 15, while demand has declined slightly in the same period and is at low levels. During the past week, Turkish producers' offers for hot rolled coil (HRC) - which is used as feedstock in steel pipe production - have decreased by $35/mt. However, Turkish pipe producers have kept their prices stable since the gap between HRC and pipe quotations has become quite narrow.
 
Accordingly, 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 still in the range of $480-510/mt ex-works.
 
Meanwhile, demand for Turkish welded pipe is still weak in export markets, while Turkish producers' welded pipe export offers for the same grade have also remained unchanged week on week at $450-490/mt FOB.