Demand still slack in local Turkish HDG market

Wednesday, 22 April 2015 17:03:12 (GMT+3)   |   Istanbul
       

According to market sources, demand for hot dip galvanized (HDG) products in the local Turkish market has continued to be characterized by slackness during the past week, failing to improve amid the ongoing strong trend of the US dollar against the Turkish lira.

In the Turkish domestic market, HDG sales prices have remained unchanged during the past week for May production and are currently as follows:

Product

Price ($/mt)

HDG   0.50 mm  100gr/m²

610-660

HDG   1 mm  100gr/m²

570-600

HDG   2 mm  100gr/m²

550-570


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 foreign markets has declined slightly but is still at medium levels. On the other hand, Turkish producers' HDG offers to the export markets have decreased by $10/mt week on week on the lower end to the range of $600-660 mt FOB amid the fierce competition from European and Chinese suppliers in Turkish producers' target markets.


Similar articles

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

Turkey’s coated steel export prices weaken

20 Mar | Flats and Slab

MMK reports record coated rolled product shipments to local market in 2023

19 Mar | Steel News

US HRC prices still ticking downward, prices expected to bottom this month

15 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 11, 2024

14 Mar | Flats and Slab

CRC and coated steel prices in Turkey down slightly, discounts applicable

13 Mar | Flats and Slab

Tata Steel chooses Danieli for pickling and galvanizing line investment

12 Mar | Steel News

Baosteel keeps local HRC prices stable for April

12 Mar | Flats and Slab

US flats mills take primes down $60-$70/gt, announce HRC price increase

08 Mar | Flats and Slab