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Turkish pipe export prices decline on low demand

Thursday, 24 November 2011

Turkish pipe export prices have declined on the back of low demand and weakening prices for pipemaking raw material (hot rolled coil), Steel Business Briefing learns from market sources.

Prices of pipe have fallen around $100/tonne since the beginning of October. S235 grade cold rolled longitudinally welded pipe, 48mm diameter and 2mm wall thickness, is pegged at $800/t fob, while S275 grade pipe of the same dimensions is offered at $815/t fob, and S355 grade pipe at $830/t fob.

As the end of the year is approaching, most buyers in Europe are avoiding buying large tonnages. Prices are expected to fall another $20-30/t by the end of the November or early December. The market should recover by January-February, Turkish pipemakers tell SBB.

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