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Turkish pipe producers have continued to decrease their export quotes to attract buyers, albeit limited, in the global market. Pipemakers’ offers for electric resistance welded (ERW) pipe made from S235-grade hot rolled coil were seen on Thursday mostly at $705-725/tonne fob Turkey theoretical weight. Amid weak demand and tough competition, some producers are seen offering discounts even over the low end of this range. Prices, which increased over $100/tonn…
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