The Turkish hollow section market has continued to display a stable trend, supported by largely unchanged hot rolled coil (HRC) and scrap prices, which have kept pipe prices on hold over the past several weeks. However, market sources report that demand has shown no significant improvement, with sales volumes remaining limited and sluggish at the start of the new year. Moreover, amid the ongoing financial difficulties in the country and generally weak business activity in the domestic market, market sentiment has remained cautious. Although CBAM-related costs are expected to increase, particularly for the export market, overall expectations for the year remain subdued, with market players maintaining a cautious outlook rather than a clearly positive one.
As a result, prices in the domestic hollow section market have remained largely unchanged, with trading activity centered around $620-630/mt ex-works. While these levels have continued to define the market, negotiations for larger tonnages have resulted in lower concluded prices, with some sales reported at $600-610/mt ex-works, reflecting sellers’ efforts to stimulate demand.
A similar pattern has been observed in the export market, where offers have continued to circulate at $610-620/mt FOB. At the same time, some larger mills have adopted a more competitive pricing strategy to secure orders, with offers heard at around $580/mt FOB.
