SteelOrbis

Turkish welded pipe prices decrease

Friday, 27 January 2017 17:45:35 (GMT+3)   -   Istanbul,  Istanbul

This week, demand in the local Turkish welded pipe market has continued to be characterized by sluggishness, as buyers have continued to make bookings only to meet their immediate needs due to the rapid strengthening of the US dollar against the Turkish lira and also due to the ongoing economic and political uncertainties in Turkey. As a result of the weak demand, domestic and export prices of Turkish welded pipes have decreased by an average of $30/mt over the past two weeks.
 
With the price declines in question, Turkish producers’ offers 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 the domestic market have decreased over the past two weeks to $520-560/mt ex-works.
In the same period, Turkish producers’ export prices for ERW pipes and hollow sections with 2-4 mm wall thickness made from HRC of S235 grade as per EN 10219 have declined to $520-550/mt FOB. 


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