Prices for Turkish welded pipes have continued to strengthen over the past three weeks because of higher hot rolled coil (HRC) quotations. In the first half of January, welded pipe producers in Turkey (Borusan, Yucel, Noksel, Cayirova, Toscelik) have made upward adjustments to their official price lists due to the rising prices in the Turkish market and falling discount rates. Over the past three weeks, domestic quotations of Turkish welded pipes have increased by $40-65/mt, while export welded pipe prices have risen by $10-20/mt. Welded pipe prices are expected to increase further as buyers accept new price levels. The prospects for the local welded pipe market are improving with the reviving automotive and construction sectors and new investments in the country. The export markets, following their slowdown, are also recovering and this will support further price increases for Turkish welded pipes.
Local Turkish welded pipe producer Tosyali Holding provides discounts on its industrial pipes, water pipes and hollow sections of 29-31 percent (for ½"-3/4" pipes) and 28-33 percent (for 1" and larger sizes) from their official price list. As a result, taking into account the discount levels, Tosyali Holding's domestic prices of hollow sections with wall thickness of 2-4 mm made from HRC as per EN 10219 are at around $750-800/mt ex-works. Actual offers of industrial pipes of 48-89 mm outside diameter and 2.0-3.0 mm wall thickness made to made to EN 10219/EN 10305-3 from HRC are being given to the domestic market at $790-815/mt ex-works.
Another Turkish domestic welded pipe producer Yucel Boru provides discounts of 27-28 percent from their official price list. As a result, Yucel Boru's range of domestic quotations of ½"-4" water and gas pipes of steel grade St37 made to EN 10255 is at around $800-840/mt ex-works.
Turkish producer Borusan Mannesmann provides discounts of 23-27 percent from its new price list. Taking into account the discount level, the producer's domestic prices of ½"-4" black water ERW pipes made to EN 10255 are in fact at the level of $815-865/mt ex-works.
Current export prices of Turkish ERW pipes and hollow sections of 2-6 mm wall thickness made from HRC of steel grade S235 JRH according to EN 10219 or ASTM A500 are at the level of $760-850/mt FOB on theoretical weight basis. Export offers of ERW pipes and hollow sections of 1.5 mm wall thickness made from HRC are at around $820-930/mt FOB, while the same products made from cold rolled coil (CRC) are at $850-950/mt FOB. Water and gas ERW pipes of 2.0-4.5 mm wall thickness made to EN 10255 from S235 grade HR products are being offered for export at about $780-870/mt FOB.