Turkish welded pipe export prices decrease slightly

Over the past week, 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 decreased by $10/mt to $620-650/mt FOB. Due to the downwards movement of hot rolled coil (HRC) prices, buyers in Turkish exporters’ target markets have been expecting discounts for Turkish welded pipe offers and have been in no rush to turn their price inquiries to actual deals. Indeed, Turkish welded pipe exporters have concluded a few deals to West Europe after decreasing their price quotations. Also some Turkish suppliers have made welded pipe sales with small tonnages to the Middle East and Gulf region, according to market sources. However, due to the ongoing antidumping investigation against imports of certain types of steel pipe from Turkey in Europe and amid the quota for welded pipe imports, which reached 38 percent already, both European buyers and Turkish welded pipe exporters are not in rush to conclude deals.