According to market sources, demand in the Turkish domestic hot dip galvanized (HDG) coil market has continued its long-standing sluggishness over the past week. Impacted by this weak demand and by the fact that prices were already considered to be on the high side, local HDG prices have declined by $10/mt since last week.
In the Turkish domestic market, HDG sales prices are currently as follows:
Product | Price ($/mt) |
HDG 0.50 mm 100gr/m² | 780-800 |
HDG 1 mm 100gr/m² | 730-750 |
HDG 2 mm 100gr/m² | 715-720 |
The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments.
On the other hand, demand for Turkish HDG exports is still weak. Ex-Turkey HDG offers, which were considered to be on the high side for a long time, have softened by a slight margin of $5/mt week on week to $770-780/mt FOB. However, stiff competition continues with Chinese and Indian producers 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.