Buyers in Turkish HDG market conclude deals in line with needs

Wednesday, 08 May 2013 17:51:40 (GMT+3)   |   Istanbul
Prices have remained unchanged since last week in the Turkish domestic hot dip galvanized (HDG) coil market, while demand is still stagnant. Buyers have been concluding deals only in line with their needs as they believe the ongoing decrease in hot rolled coil (HRC) prices may be reflected in HDG prices.

In the Turkish domestic market, sales prices for HDG are as follows:
 

Product

Price ($/mt)

HDG   0.50 mm  100gr/m²

800-830

HDG   1 mm  100gr/m²

755-780

HDG   2 mm  100gr/m²

740-750


The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments. 

In the meantime, demand in the foreign market has also remained on the weak side, even though an improvement was expected with the arrival of spring. Turkish HDG export offers to the Middle East and the CIS are standing at $800-830/mt ex-works for June production.

Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.   


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