Over the past week, demand has recovered in the local Turkish hot dip galvanized (HDG) coil market. As upticks in global flat steel and raw material prices are expected to be reflected in Turkish domestic HDG prices, buyers have stepped up their purchases ahead of the anticipated increase in prices.
Domestic producers’ HDG prices in the local Turkish market are currently as follows:
Product |
Price ($/mt) |
Weekly Change ($/mt) |
HDG 0.50 mm 100gr/m² |
730-760 |
- |
HDG 1 mm 100gr/m² |
685-710 |
- |
HDG 2 mm 100gr/m² |
650-665 |
- |
Meanwhile, Turkish HDG prices in the export markets are expected to increase in the short term. Buyers have stepped up their purchases and demand has recovered. Turkish mills’ HDG export quotations still stand in the range of $720-750/mt FOB.