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Despite the recent rises seen in scrap prices, Turkish pipe producers are seen struggling to increase their offer prices due to weak global demand. Pipemakers’ offers for electric resistance welded (ERW) pipe made from S235-grade hot rolled coil were seen on Thursday mostly at $680-710/tonne fob Turkey theoretical weight, unchanged from two weeks prior. However, lower offers are also available from the producers that have cost advantages and are more aggress…
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