Despite the ongoing weak trading activity both in the domestic and international markets, as well as the declines seen in scrap prices, local Turkish pipe producers have kept their prices stable week on week. However, because hot rolled coil (HRC) market prices have not indicated a clear price movement and the outlook is not very positive, many pipe suppliers believe that prices will not remain stable indefinitely in the coming weeks due to downward pressure, and so they are ready to offer discounts to existing customers.
“We have not made any price changes because scrap is declining and demand is below our expectations, so we are just watching for the time being. Despite the stable trend, most pipe producers are ready to offer reductions to serious buyers to conclude more sales,” a pipe producer said SteelOrbis
Currently, prices in the local hollow section market are at around $630-640/mt ex-works, unchanged week on week.
Similarly, in the export markets, workable prices are currently at around $630-650/mt FOB, stable over the past week. However, according to sources, the most recent offers from larger pipe makers have been reported at $600/mt FOB.
