You are here: Home > Steel Prices > Steel Price Analyses > Tube and Pipe > Turkey’s...

Turkey’s pipe mills mostly try to avoid discounts, big producers aggressive

Thursday, 04 April 2024 17:37:13 (GMT+3)   |   Istanbul
       

Hollow section prices have been more or less stable in Turkey in both the local and export segments, despite the downturn seen recently in flats prices. According to medium-sized and smaller pipe makers, the size of the price drop for hot rolled coil (HRC) has not been large enough to put pressure on pipe offers and, moreover, providing discounts for pipes now would jeopardize producers’ profits since their feedstocks had been booked earlier at much higher prices. However, some large pipe producers, who traditionally operate with lower costs, have decided to become aggressive in their pricing, thus putting pressure on the segment overall.

Most of the small and medium pipe-makers have maintained their domestic hollow section prices at $750-800/mt ex-works from the previous week. However, according to sources, the larger pipe producers have offered at around $720-730/mt ex-works.

“Major producers are disturbing the market balance with low prices, but many sellers are unable to sell at these prices since pipes have a cost and economic troubles continue to have a significant impact on buying and selling,” a medium-sized pipe maker told SteelOrbis.

In the export market, a majority of pipe producers are offering the same prices as last week at $780-830/mt FOB.


Similar articles

Turkey’s hollow section prices fall amid sluggish demand and weak HRC prices

25 Oct | Tube and Pipe

Turkey’s hollow section prices still increasing but demand fails to improve

11 Oct | Tube and Pipe

Turkey’s local and export hollow section prices rise, but outlook uncertain

04 Oct | Tube and Pipe

EU’s HRC import quotas for some “other countries” exhausted in new period

02 Oct | Steel News

Canada initiates expiry review of AD duty on HSS from South Korea and Turkey

12 Sep | Steel News

Local and export hollow sections prices in Turkey still stable

06 Sep | Tube and Pipe

Turkish hollow section prices fall amid unfavorable market conditions

07 Aug | Tube and Pipe

Turkish hollow section prices stable despite slow trade

10 May | Tube and Pipe

EU's HRC import quota for other countries exhausted

03 Apr | Steel News

India’s VSTL setting up greenfield steel pipe making unit in Odisha

27 Mar | Steel News