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16 Mar

Costs, buyers’ expectations squeeze Turkish pipe producers

Turkish pipe producers have decreased their quotes this week despite firm raw material prices. Pipemakers’ offers for electric resistance welded (ERW) pipe made from S235-grade hot rolled coil were seen on Thursday mostly at $840-860/tonne fob Turkey theoretical weight, down from $890-900/t a week earlier. However, lower and higher prices are also available. The price spread between producers has widened due to their diverging sales strategies, costs, market…
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