Demand in the local Turkish welded pipe market has improved slightly over the past week, though remaining at medium levels. In line with the uptrend of hot rolled coil (HRC) prices - which is used as raw material in steel pipe production, Turkish producers’ welded pipe prices have increased both for the domestic and export markets. On the other hand, market sources report that producers have continued to offer discounts depending on buyer and tonnages.
Over the past week, most offers of Turkish 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 $30/mt on the low end and by $20/mt on the upper end to $430-450/mt ex-works on actual weight basis, while this price range has gained acceptance and deals have been concluded in the current week.
Meanwhile, Turkish producers are still offering ERW pipes and hollow sections made from HRC of steel grade S235 JRH as per EN 10219 to foreign customers at around $400-440/mt FOB on theoretical weight basis, up $50/mt on the low end and increasing by $60/mt on the upper end week on week, while these prices have gained acceptance in the export markets.