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01 Jun

Turkish pipe offers continue to slide

Turkish welded pipe producers’ price offers have declined further this week as demand in export destinations has registered no improvement. Pipemakers’ offers for electric resistance welded (ERW) pipe made from S235-grade hot rolled coil were seen on Thursday mostly at $690-710/tonne fob Turkey theoretical weight, down from $700-720/t last week. Amid decreasing steel prices in the EU, Turkey’s largest export destination, European buyers have alm…
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