Turkish producers’ welded pipe export prices move down

Turkish welded pipe producers have reduced their export prices in order to step up their export sales. Turkish producers’ offer range for ERW pipes and hollow sections with 2-4 mm wall thickness made from hot rolled coil (HRC) of S235 grade as per EN 10219 to their export markets has declined by $20/mt week on week to $590-620/mt FOB. Accordingly, the price margin between hot rolled coil and welded pipe has narrowed and welded pipe export offers have moved down below $600/mt for the first time in a long while. Demand for welded pipes from the export markets has softened due to the approaching year-end, while Turkish welded pipe producers’ export sales have weakened.