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01 Sep

Turkish pipe prices continue drop despite costlier production

Turkish pipe producers are seen to have decreased their offers further despite the rise in their production costs due to the 50% and 50.8% hikes in electricity and natural gas prices respectively from 1 September. Pipemakers’ offers for electric resistance welded (ERW) pipe made from S235-grade hot rolled coil were seen on Thursday mostly at $640-660/tonne fob Turkey theoretical weight. Higher and lower prices are however also available from some producers. …
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Burcak Alpman  |  Turkey
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