Exclusive Quotations for welded pipes in Turkey rose by $8 per ton in November

Prices for OCTG pipes in North America remained stable during the same period

The average price of OCTG pipes on North America FOB terms remained stable in November at $2,191/t. According to Kallanish, there are virtually no factors that would contribute to its growth in the short term. In particular, oil price dynamics do not stimulate increased investment in drilling. In November, WTI quotes fell by 3.4% to $59.1 per barrel after falling by 2.5% in October.

Market participants are more optimistic about the period after the New Year. According to Baker Hughes, the number of drilling rigs in the US is growing and reached 549 in mid-November. The total number of rigs in the country is still 35 fewer than in the same period last year, although there are five more offshore rigs.

According to Bloomberg, up to 12 projects to build new gas pipelines or expand existing ones are planned for next year in Texas, Louisiana, and Oklahoma. American companies are actively building gas pipelines to deliver gas to new terminals being built in the southern United States to export fuel to other countries. As a result, the number of new gas pipeline projects in the southern United States next year will reach an 18-year high.

At the same time, American pipe manufacturers are benefiting from increasingly favorable conditions due to a reduction in imports, which are declining as a result of the introduction of tariffs.

Quotations for Turkish welded pipes came under pressure in November due to low demand, with prices falling for most of the month. However, according to Kallanish, prices for this product rose by $8 last month to $575/t (Turkey FOB). This price dynamics fully correlates with the change in prices for hot-rolled coil (HRC) on Turkey FOB terms, the average quotation for which increased by $8 in November to $540/t.

At the end of the month, Turkish pipe manufacturers raised their export prices. This increase was due to the rise in the cost of scrap and HRC. In addition, demand for fast shipment grew in the EU due to the introduction of CBAM from the beginning of 2026.

In January–September, exports of welded pipes from Turkey amounted to 1.57 million tons (+1.3% year-on-year). The average export price in September was $853/t compared to $800/t in August.

As a reminder, Interpipe is expanding its presence in the mining industry product segment. The company fulfilled a trial order for a French manufacturer of drilling tools, supplying linear pipes in accordance with European standards.

Earlier, we reported that Interpipe had manufactured pipes for underwater operation in shallow water for the South Akçakoca Sub-Basin (SASB) gas field in the Black Sea for the first time.