Demand in the Turkish pre-painted galvanized iron (PPGI) market, where prices have remained stable since last week, is still on the weak side. However, market players believe that the demand recovery observed in the overall local flat steel market will be seen in the PPGI market too in the coming days.
Turkish mills' local offers for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI are standing at $1,1030-1,080/mt, while offers for RAL 9002 0.5 mm are at $890-940/mt and prices for RAL 9002 1 mm stand at $810-850/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.
In the meantime, demand for Turkish PPGI exports is still limited, while this week's PPGI export offers from Turkey have also faced pressure from competitive Chinese offers, similar to the situation for Turkish HDG export offers. Ex-Turkey PPGI offers, which have been stable since last week, currently vary at $875-925/mt FOB for September production.
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