Over the past week, demand received from the global market for Turkish welded pipe has remained lively and Turkish mills have continued to make sales even if some declines have been observed in terms of order volumes. Market sources state that buyers continue to make inquiries for Turkish welded pipe and are making purchases, though at the same time they are in no great rush to conclude deals.
In the period in question, Turkish producers’ offer range 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 their export markets has widened due to the volatility in the Turkish lira-US dollar exchange rate seen throughout the week. With the declines observed in domestic HRC prices in Turkey, Turkish welded pipe producers decreased their prices by $30/mt on the lower end and by $20/mt on the upper end to $650-690/mt FOB.
Although European buyers are cautious about concluding bookings for Turkish welded pipe amid the ongoing safeguard duty investigation in Europe, Turkish welded pipe producers continue to make sales to the region even though their sales tonnages are not as high as they were previously. The biggest risk for the Turkish welded pipe market seems to be a possible supply-demand imbalance as a result of being pushed out of major export markets due to the ongoing import tariffs and investigations.