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16 May

Turkish pipe quotes fall, demand remains insufficient

Turkish pipe producers have decreased their prices as demand remains weak, pressuring values. Pipemakers’ official offers for electric resistance welded (ERW) pipe made from S235-grade hot rolled coil were seen on Thursday mostly at $620-640/tonne fob Turkey theoretical weight, unchanged from last week. However, lower offers are also available from those producers with cost advantages. Demand remains limited, while inquired-after volumes are relatively sma…
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