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 on the upper end week on week to $590-610/mt FOB.
Last week, Turkish welded pipe exporters tried to conclude deals at $620/mt FOB, though this price level failed to gain acceptance. Therefore, prices have been decreased on the upper end this week. However, despite the softening of prices, no significant recovery has been observed in terms of demand for Turkish welded pipe in target markets and buyers are still cautious about making new bookings due to the uncertainty of price trends in the global market and year-end considerations. As a result, Turkish welded pipe offers are not expected to change until the new year and may decrease again as 2019 begins, according to market sources.