According to market sources, demand for hot dip galvanized (HDG) products in the local Turkish market has improved during the past week, though it is still considered to be weak. Market sources state that HDG producers have been reluctant to conclude purchases of hot rolled coil (HRC) feedstock as they consider there could be further decreases in prices following the declines seen in HRC prices last month, and so their feedstock inventories have decreased.
In the Turkish domestic market, HDG sales prices have remained stable over the past week for September production and are currently as follows:
Product | Price ($/mt) |
HDG 0.50 mm 100gr/m² | 610-650 |
HDG 1 mm 100gr/m² | 570-590 |
HDG 2 mm 100gr/m² | 550-560 |
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 also improved in the same period. Market sources report that demand, particularly in North African countries and in the US, has increased but the percentage of inquiries leading to bookings is at low levels. Turkish producers' HDG offers to the export markets have also remained unchanged over the past week at $600-650/mt FOB for September production.