SteelOrbis

Sluggish demand prevails in Turkish welded pipe market

Friday, 03 February 2017 16:33:41 (GMT+3)   -   Istanbul

This week, buyers in the local Turkish welded pipe market have postponed their purchases and adopted a wait-and-see stance, expecting prices to go down further, given the softening of hot rolled coil (HRC) prices and the ongoing economic and political uncertainties in Turkey. Meanwhile, Turkish domestic welded pipe prices have maintained its stable trend despite sluggish demand.

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 have continued to stand at $520-560/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 have remained stable at $520-550/mt FOB. 


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