Over the past week, demand in the local Turkish welded pipe market has been slack, while Turkish producers have maintained their welded pipe prices unchanged amid the sideways trend of prices of hot rolled coil (HRC) - which is used as feedstock in steel pipe production.
Accordingly, 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 still at $640-690/mt ex-works, remaining stable week on week.
Meanwhile, 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 decreased by $30/mt on the upper end week on week to $620-650/mt FOB, since last week’s price levels had failed to gain acceptance from buyers and due to the sluggishness of purchasing activity in global steel markets.