Over the past three weeks, prices in the local Turkish welded pipe market have increased in line with the uptrend in domestic hot rolled coil (HRC) prices. Market sources state that demand has increased and trading activity has improved following the New Year holiday.
Accordingly, 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 increased by $35/mt on average to range at $670-700/mt ex-works and the higher prices have gained acceptance in the market.
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 increased by $52.5/mt on average, rising to $685-700/mt FOB.