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02 May

Intense competition pressures Turkish pipe quotes

Turkish pipe producers are trying to maintain their prices, although intense competition between them is pressuring values. Pipemakers’ official offers for electric resistance welded (ERW) pipe made from S235-grade hot rolled coil were seen on Thursday mostly at $655-675/tonne fob Turkey theoretical weight, unchanged from last week. However, offers at as low as $640/t fob from those producers with cost advantages are seeing many pipe producers struggle to c…
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