Over the past two weeks, the Turkish hollow section market has not shown any major movement and has remained mostly stable, as HRC offers have continued to remain stable. As a result, pipe prices are also unchanged in both the local and export markets. Nevertheless, with demand remaining weak in both segments, pipe producers have been offering discounts to serious buyers, particularly for larger tonnages. Market players note that, despite these discounted levels, buyers continue to purchase cautiously or in limited quantities due to ongoing financial difficulties and the generally unsupportive market outlook.
This week, pricing in the Turkish domestic hollow section market has remained unchanged, with most offers reported in the $620-630/mt ex-works range. Market contacts note, however, that some of the larger producers are presenting more aggressive pricing, with certain offers discussed at $560-570/mt ex-works.
Export pricing has followed the same pattern of stability and remains at $610-620/mt FOB, mirroring last week’s levels.
At the same time, producers are willing to grant $10-15/mt reductions for serious inquiries, particularly where larger tonnages are involved, in an effort to generate additional activity in the market.