Amid the ongoing weakness of demand, Turkey’s welded pipe export prices have remained stable in the current week. Turkish producers’ offer range 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 export markets has remained unchanged at $600-640/mt FOB. However, according to market sources, buyers still consider price levels of $630/mt and above to be on the high side.
Turkish welded pipe producers state that they are having a hard time predicting the future trend of prices of hot rolled coil (HRC) which is used as raw material for welded pipes. As they are facing weak demand conditions in Europe, they are only making a few sales to the region and are actively seeking alternative export markets. Since no significant recovery in demand for Turkish welded pipe is predicted, Turkish welded pipe export prices are expected to move in line with HRC quotations.