Despite continuous weak demand and persistent financial challenges, Turkish pipe makers have increased their offer prices in the past week, mainly supported by the rise in hot rolled coil (HRC) prices in recent weeks and their stability this week. Additionally, ongoing scrap price rises have also contributed to this increasing trend. Nevertheless, the majority of pipe makers have concerns about the increase in pipe producers’ prices since the market is still under pressure from unfavorable factors.
Currently, the workable domestic pricing for hollow sections stands at $620-640/mt ex-works, up from $600-630/mt ex-works in previous weeks. However, some pipe makers have been testing prices higher than the market levels, at around $650/mt ex-works.
“We increased prices due to the market impact, but demand is still not very supportive, and, with the approaching holiday, demand will decline even more, so higher levels or additional rises do not provide permanent motivation for the pipe market to rebound,” a pipe producer told SteelOrbis
Likewise, the export market has also increased by $10-20/mt from previous weeks to $620-635/mt FOB.
