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23 Mar

Turkish pipe quotes continue slide amid weak demand

Turkish pipe producers are seen decreasing their offer prices due to insufficient demand 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 $800-840/tonne fob Turkey theoretical weight, down from $840-860/t a week earlier. However, lower and higher prices are also available. The price spread between producers has widened due to their diverging sales strategie…
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