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01 Sep
15:06

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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