Sluggish demand in local Turkish welded pipe market in last week of 2016

In the last week of the year, demand in the local Turkish welded pipe market has been sluggish, with prices moving sideways over the past seven days. Domestic welded pipe prices in Turkey are expected to move up at the start of the New Year against the backdrop of the price rises seen in the local Turkish hot rolled coil market.
 
Accordingly, Turkish producers' offers 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 the domestic market are still at $560-580/mt ex-works.
 
In the same period, Turkish producers' export prices for ERW pipes and hollow sections with 2-4 mm wall thickness made from HRC of S235 grade as per EN 10219 are still at $560-570/mt FOB.