Considering the ongoing relative stability in hot rolled coil (HRC) and scrap prices, Turkish pipe makers have opted to keep their offer levels unchanged over the past few weeks. However, according to market participants, demand in both the domestic and export markets has continued to show the same sluggishness as in previous weeks, weighing on overall market sentiment. While some producers have resisted downward pressure, supported by comparatively better activity in the domestic market than in exports, others have chosen to offer discounts to serious buyers, particularly for larger-volume orders, in order to stimulate sales.
In line with prevailing market conditions, domestic hollow section prices have continued to hold steady, with workable levels reported at $620-630/mt ex-works, unchanged from the previous week. At the same time, some producers have shown greater flexibility for higher-volume orders, with discounted offers heard at $600-610/mt ex-works.
On the export side, price indications have likewise remained unchanged, with most offers assessed at $610-620/mt FOB. Nevertheless, market sources indicated that some of the larger mills have adopted a more aggressive pricing strategy, with competitive offers reported at around $580-590/mt FOB.
