Demand in the local Turkish welded pipe market is still slack, just like in the previous week. However, Turkish producers have increased their welded pipe prices by $40/mt on average week on week, amid the uptrend of prices of hot rolled coil (HRC) - which is used as feedstock in steel pipe production - and since the increased prices of steel products have started to gain acceptance in the Turkish market. Turkish buyers continue to purchase welded pipe from their domestic market only in line with their immediate needs, while Turkish producers are still offering discounts depending on buyers and tonnages.
Over the past week, most offers of 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 have started to range at $550-560/mt ex-works on actual weight basis, increasing by $40/mt on average.
Although demand for Turkish welded pipe has also remained slack in the export markets, Turkish producers’ offers for ERW pipes and hollow sections made from HRC of steel grade S235 JRH as per EN 10219 to foreign customers have increased by $10/mt and have started to range at $500-530/mt FOB on theoretical weight basis, in line with the increase in Chinese welded pipe quotations and due to the global uptrend of steel prices.