Turkish welded pipe prices decrease further

Friday, 27 September 2019 17:26:23 (GMT+3)   |   Istanbul
       

Turkey’s welded pipe producer have once again cut their prices for local and foreign customers amid falling scrap and hot rolled coil (HRC) feedstock prices and the general slowdown in the demand.

As a result, export prices have decreased by $15/mt during the past week to $500-520/mt FOB, with sales remaining rather weak. In the local Turkish market, prices have declined by $10/mt week on week to $490-510/mt ex-works; however, market sources say that in actual transactions the producers are ready to give additional $10/mt discounts. The sentiment in the pipe segment remains negative, mainly because the demand from the consuming industries is not foreseen to revive in the short run. In addition, HRC prices are expected to fall further. The most recent HRC import prices from Russia were at around $430/mt CFR, while in the local market pipe producers expect to book at $435-440/mt ex-works, SteelOrbis understands.

**Prices are given for ERW pipes and hollow sections with 2-4 mm wall thickness made from HRC of S235 grade as per EN 10219, on theoretical weight basis.

 


Similar articles

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

Some EU flat steel import quotas about to be exhausted near end of period

26 Mar | Steel News

France’s steel product import value down 17.8 percent in 2023

08 Mar | Steel News

France’s steel product export value down 22.4 percent in 2023

08 Mar | Steel News

Japanese crude steel output up 4.0 percent in January from December

26 Feb | Steel News

UK’S TRA proposes safeguard extension for 15 steel product categories for further two years

22 Feb | Steel News

France’s steel product import value down 18.4 percent in Jan-Nov

09 Feb | Steel News

France’s steel product export value down 23.2 percent in Jan-Nov

08 Feb | Steel News

Japanese crude steel output down 1.8 percent in December from November

26 Jan | Steel News

Vietnam’s Hoa Phat posts 7.0 percent decrease in sales for 2023

09 Jan | Steel News