Conditions in Turkey’s steel pipe and tube export market were unclear due to weak demand and rising raw material prices.
Demand was somewhat stronger in the Middle East and North Africa but was still weak in Europe. This has led to an unclear market, a steel pipe producer said.
There were still buyers asking for prices in the Middle East but no significant trade was heard, he added.
Rising prices for pipemaking raw materials were creating an expectation of higher end-product prices but producers were struggling with weak demand, another Turkish pipe mill said.
The base prices for grade-S235 tube in sizes of 40x40mm and 180x180mm, with 2-6mm wall thickness, to EN10219 standard, were around $710-730 per tonne fob because of the increasing raw material prices, although some mills were still asking as low as $700 per tonne fob, Steel First heard.
Base prices for similar-grade hollow sections, between 200x200mm and 300x300mm with 8-10mm wall thickness, were about $725-745 per tonne fob.
The base prices of S235 grade steel pipes up to 168.3mm diameter and 2-6mm wall thickness were also $710-730 per tonne fob, while similar-grade steel pipes of 193.7-323.9mm diameters were priced at $720-740 per tonne fob.
These prices were on an actual-weight basis.