Buyers in the local Turkish hot dip galvanized (HDG) market stepped up their price inquiries last week. However, demand for HDG in Turkey has declined again in the current week due to the ongoing political tension in the country following the coup attempt on July 15 and is still weak. During the past week, quotations for hot rolled coil (HRC) - the raw material for HDG production - have remained stable. As a result, Turkish HDG producers have kept their domestic prices unchanged in the same period.
Domestic producers' HDG prices in the local Turkish market are currently as follows:
Product | Price ($/mt) | Change ($/mt) |
HDG 0.50 mm 100gr/m² | 550-590 | 0 |
HDG 1 mm 100gr/m² | 490-520 | 0 |
HDG 2 mm 100gr/m² | 460-485 | 0 |
The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments.
Meanwhile, demand for Turkish HDG in the export markets has also remained at low levels. Turkish producers' HDG export prices have moved sideways week on week at $590-600/mt FOB, while market sources state that discounts are still available depending on buyer and tonnage.