Turkish hollow section prices have edged higher this week as pipe producers have adjusted their quotations in response to the recent increases in hot rolled coil (HRC) prices. The upward movement in HRC has been largely linked to rising cost expectations following the outbreak of war in the Middle East, which has pushed gas and oil prices higher and created additional uncertainty regarding production and logistics costs. Although activity in the market has shown some improvement compared to previous weeks, particularly in the domestic segment, the overall pace of business remains limited. Market participants note that part of the recent buying interest has been driven by concerns that prices could continue to rise. However, with demand still far from strong and the upcoming holiday period approaching, many players remain uncertain about the sustainability of the current upward trend.
“Demand is slightly better compared to previous weeks, but it is still far from strong. Nevertheless, rising HRC prices are pushing pipe prices gradually higher,” a pipe producer told SteelOrbis
As a result, domestic hollow section prices have increased week on week, with quoted levels reported at $640-650/mt ex-works, up from $625-640/mt ex-works in the previous week.
In the export segment, price indications have also edged higher, with most offers assessed at $630-640/mt FOB, compared to $620-630/mt FOB previously.
