Considering the recent efforts by Turkish hot rolled coil (HRC) producers to raise prices, largely driven by Chinese import prices, Turkish pipe manufacturers have opted to slightly increase export prices over the past week. Domestic prices, however, have remained unchanged, reflecting ongoing sluggish demand in the local market. Market participants note that the current slowdown is not confined to domestic consumption, because export demand has also weakened. This tendency has been especially noticeable in August, a normally slow month when many overseas customers take their annual summer vacations. Despite these challenges and the economic difficulties in Turkey, some market players remain cautiously optimistic. They anticipate that the start of September could bring a gradual recovery in business activity and improved demand conditions.
As a result, domestic hollow section offers have remained stable week on week at $620-640/mt ex-works, reflecting the relatively steady conditions in the local market.
In contrast, export prices have increased, with current offers at $620-630/mt FOB, compared to $600-620/mt FOB in the previous week. Sources indicate that some producers continue to offer previous prices of $600-610/mt FOB for serious buyers.
