During the past week, buyers in the local Turkish hot dip galvanized (HDG) coil market have continued to make new bookings. Meanwhile, Turkish coated steel producers, whose order books are fairly full, have revised their prices upwards following the increases seen in global prices of hot rolled coil (HRC), which is used as raw material in coated steel production.
Domestic producers’ HDG prices in the local Turkish market, excluding 18 percent VAT, are currently as follows:
|
Product |
Price ($/mt) |
Weekly Change ($/mt) |
|
HDG 0.50 mm 100gr/m² |
770-800 |
↑10 |
|
HDG 1 mm 100gr/m² |
725-750 |
↑10 |
|
HDG 2 mm 100gr/m² |
690-705 |
↑10 |
Meanwhile, demand for Turkish HDG in the export markets has continued to be characterized by sluggishness over the past week. However, Turkish mills’ HDG export quotations have increased by $10/mt week on week to $760-790/mt FOB in line with rising HDG prices in the domestic market.