Having been at $600-620/mt ex-works for a long time, 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 their domestic markets has softened slightly in the current week.
Although no significant change has been observed in hot rolled coil (HRC) prices, Turkish producers’ welded pipe quotations are declining on dollar basis amid the weakness of demand and the faster depreciation of the Turkish lira against the US dollar. SteelOrbis has been informed that the general price range of mills in the local Turkish welded pipe market is at $590-610/mt ex-works, but levels of $580/mt ex-works are also heard particularly for bookings of large volumes.
Meanwhile, having been very slack for some time now due to the crisis in Turkey’s economy and construction sector, demand in the local Turkish welded pipe market is not expected to recover in the coming period amid the sharp movements of the exchange rate and the approach of Ramadan.