Demand still weak in Turkish PPGI market

Tuesday, 23 August 2016 16:42:53 (GMT+3)   |   Istanbul
       

Demand in the local Turkish pre-painted galvanized (PPGI) coil market has failed to improve during the past week and is still at low levels. Buyers in the local Turkish pre-painted galvanized (PPGI) coil market are still concluding purchases only in line with their needs, while trading activity in the local Turkish PPGI market is expected maintain its slow pace until the end of the Feast of Sacrifice holiday. With domestic prices of hot rolled coil (HRC) - the raw material for PPGI production - remaining stable in the past week, Turkish PPGI producers have kept their prices unchanged this week. Accordingly, Turkish mills' local prices for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI are at $790-855/mt, while their offers for RAL 9002 0.5 mm are at $660-700/mt and prices for 1 mm RAL 9002 are at $540-605/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.

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