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02 Feb

Turkish pipe quotes rise amid costlier raw materials

Turkish pipe producers have increased their export quotes this week despite subdued demand. The hikes have been driven solely by increases in hot rolled coil prices. Pipemakers’ offers for electric resistance welded (ERW) pipe made from S235-grade HRC were seen on Thursday mostly at $770-810/tonne fob Turkey theoretical weight, up from $730-755/t last week. Turkish pipe producers, which were already suffering from weak sales, are unhappy with the further in…
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