Considering the persistent slow demand in both domestic and export markets, Turkish pipe producers have slightly reduced their offers compared to the previous week. Market participants generally agree that the overall market outlook remains quite pessimistic. While there have been some upward movements in the scrap market, these have not translated into increased prices for either HRC or pipes, as demand remains subdued. Moreover, the recent introduction of new safeguard measures by the European Union is expected to exacerbate the difficulties faced by exporters. These measures are likely to result in further reductions in export volumes and increased pressure on sales.
“The domestic market is already under significant strain due to financial challenges and economic pressures affecting both buyers and sellers. With the imposition of new safeguard measures in Europe, the export sector will be facing an even more uncertain and difficult environment,” a pipe maker told SteelOrbis
According to reports, domestic hollow section offers have decreased week on week, currently ranging at $620-630/mt ex-works, down from $620-640/mt ex-works in the previous week. Additionally, some of the larger pipe producers are reported to be offering more competitive prices in the range of $580-590/mt ex-works.
In the export market, a similar downward trend has been observed, with producers quoting prices at $610-620/mt FOB, compared to $620-630/mt FOB in the prior week.