The Turkish hollow section market experienced another decline this week, primarily driven by the continued softening of hot rolled coil (HRC) prices. Persistently weak demand in both domestic and export markets has added further pressure, with the current slowdown expected to continue until at least September. Adding to the market’s ongoing difficulties, the absence of positive momentum is further exacerbated by persistently high production costs and projections of additional cost increases. According to market sources, 2025 has thus far been defined by financial instability and persistently narrow margins.
“The overall market situation remains unchanged, demand is weak, and profit margins are virtually non-existent. This trend appears likely to continue through the end of the year. We must proceed with caution to avoid becoming the next casualties, as we have already seen some bankruptcies in recent months,” a Turkish pipe manufacturer told SteelOrbis.
As a result, domestic hollow section offers have declined to $600-620/mt ex-works, compared to $610-620/mt ex-works in the previous week. However, according to sources, some major mills have issued prices as low as $560-570/mt ex-works.
Export prices have also softened, with current offers falling to $590-600/mt FOB, down from the previous range of $590-610/mt FOB.