Over the past week, demand in the local Turkish welded pipe market has been weak. However, prices have increased by $10/mt on the lower end, since Turkish mills’ production costs have risen as a result of hot rolled coil (HRC) bookings previously concluded at higher prices. Meanwhile, demand for Turkish welded pipe in the export markets have remained strong and, in particular, Turkish suppliers have concluded many welded pipe export sales to the Middle East.
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 $10/mt on the lower end to $680-700/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 remained stable at $690-710/mt FOB.