The increased demand observed in the local Turkish pre-painted galvanized iron (PPGI) market in the previous two weeks have been replaced by sluggish activity this week. Meanwhile, despite the upticks in PPGI coil prices recorded in the past week, PPGI sheet prices have remained stable week on week.
Turkish mills' local offers for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI are standing at $1,005-1,080/mt, while offers for RAL 9002 0.5 mm are at $865-925 /mt and prices for RAL 9002 1 mm stand at $785-845/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.
In the meantime, May production ex-Turkey PPGI offers have remained unchanged since last week and are still at $850-920/mt FOB. Demand in the PPGI export market has remained stronger as compared to demand levels in the local market, while strong competition continues to exist between various offers in the target markets.
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.