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25 May

Demand contraction pushes Turkish pipe quotes down further

Turkish pipe producers have been forced to further decrease their quotes this week due to subdued demand. Pipemakers’ offers for electric resistance welded (ERW) pipe made from S235-grade hot rolled coil were seen on Thursday mostly at $700-720/tonne fob Turkey theoretical weight, down from $715-740/t last week. While buyers’ purchasing appetite is almost non-existent, producers are seen competing with each other in order to take a share from the very…
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