The Turkish hollow section market continues to face downward pressure as both domestic and export demand remain subdued. Ongoing weakness in hot rolled coil (HRC) prices, combined with sluggish end-user activity, has forced Turkish pipe manufacturers to lower their offers in recent weeks. Despite the price cuts, market sources report that sales activity has not picked up meaningfully. Domestic demand has shown a slight improvement, but it remains insufficient to drive any real recovery. On the export side, trading is limited to a few neighboring markets, with most buyers maintaining a cautious stance amid uncertain economic conditions and competitive pricing from other regions.
“Unfortunately, many factors are contributing to low sales and sluggish demand. Even when we manage to make some sales, there is no profit to speak of. Costs remain high and some players are offering aggressive prices that are distorting the market,” a pipe producer told SteelOrbis
Reflecting these market challenges, domestic hollow section prices have declined to $610-620/mt ex-works, compared to $630-640/mt ex-works last week. Nonetheless, sources indicate that the most recent pricing from major mills has been at $580-590/mt ex-works.
In the export market, offers have also softened, to $590-610/mt FOB, down from $620-630/mt FOB previously.
