Demand in the local Turkish hot dip galvanized (HDG) market has remained slack during the past week as buyers have been concluding purchases only in line with their needs. Market sources state that transaction activity in the market has continued to be at low levels and, with domestic prices of hot rolled coil (HRC) - the raw material for HDG production - remaining stable in the past week, Turkish HDG producers have kept their prices unchanged this week.
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.
On the other hand, SteelOrbis has been informed that demand for Turkish HDG in the export markets is still weak, while Turkish producers' HDG export prices have moved sideways week on week at $590-600/mt FOB.