Demand in the local Turkish welded pipe market has continued to remain low this week, while prices have increased week on week due to the uptrend seen in hot rolled coil (HRC) prices. However, according to market sources, Turkish producers continue to offer volume discounts, depending on buyer and tonnage, in both local and export markets, despite increased prices.
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 are at about $350-385/mt ex-works on actual weight basis, increasing by $45-50/mt on average over the past week. However, this price range is considered to be on the high side and has not gained any acceptance yet.
Meanwhile, Turkish producers are still offering ERW pipes and hollow sections made from HRC of steel grade S235 JRH as per EN 10219 to foreign customers at around $350-360/mt FOB, on theoretical weight basis, up $10/mt week on week. However, this price range has so far failed to gain acceptance amid the slack demand for Turkish welded pipes in the export markets.