The Turkish hollow section market has continued to show price stability, yet trade remains weak with no clear signs of a recovery. Over the past week, producers largely kept offers unchanged, reflecting a cautious approach in a market shaped by soft demand and financial pressures. Despite stable pricing, demand remains slow in both domestic and export markets. Buyers are limiting new purchases and prioritizing liquidity, and, according to market participants, even discounts are insufficient to trigger meaningful buying interest amid ongoing cash flow constraints. Meanwhile, the recent slight improvement in the scrap market has also had a minimal impact on the hollow section segment. Any potential cost relief is overshadowed by stable HRC prices, leaving pipe producers unable to adjust their own pricing or improve competitiveness. As a result, the market remains confined within a narrow, stagnant price range.
“There is no change in prices at the moment and the market simply moves back and forth. Even when slight increases are seen in the Chinese market or the scrap segment, they have no real impact on prices because demand remains the key factor. Considering the current financial difficulties and the approach of the year-end, buyers are naturally limiting their purchases,” a pipe producer told SteelOrbis.
On the pricing side, this week the domestic hollow section market has remained stable week on week, with offers standing at $620-630/mt ex-works. However, according to sources, several larger pipe producers are extending more competitive offers at levels around $580/mt ex-works.
In the export market, a similar stability has been observed, with Turkish producers maintaining offers at $610-620/mt FOB, also unchanged from last week.
