This week, demand in the local Turkish welded pipe market has slackened and is now at weak levels. Following the sharp uptrend of domestic prices hot rolled coil (HRC) - which is used as feedstock in steel pipe production - Turkish producers’ welded pipe prices have increased slightly. However, the increase in HRC prices has not been completely reflected in producers’ welded pipe offers due to slack demand. On the other hand, market sources report that Turkish producers are continuing to offer discounts depending on buyers 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 $10/mt to $470-490/mt ex-works on actual weight basis; however, this price range has failed to gain acceptance amid weaker demand.
Meanwhile, Turkish producers’ offers for ERW pipes and hollow sections made from HRC of steel grade S235 JRH as per EN 10219 to foreign customers are still at around $490-520/mt FOB on theoretical weight basis, remaining stable week on week due to lower demand, while no export deals have been heard this week.