Domestic prices in the local Turkish hot dip galvanized (HDG) market have moved sideways over the past week, while demand in the local market is still slack. Turkey has revised its dumping margins in respect of hot rolled coil (HRC) originating in or exported from seven countries, while it has also announced new dumping margins of 9-13 percent for Russia which was exempted previously. This decision by Turkey has tightened the raw material supply chain of Turkish HDG producers. Although Turkish HDG producers have started to contact alternative suppliers, temporary rises may be seen in HRC prices in the short term.
Meanwhile, HDG prices in the local Turkish market for February production are currently as follows:
Product | Price ($/mt) |
HDG 0.50 mm 100gr/m² | 580-600 |
HDG 1 mm 100gr/m² | 525-545 |
HDG 2 mm 100gr/m² | 505-515 |
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 export markets has declined during the past week. Accordingly, Turkish suppliers' HDG export offers have decreased by $20/mt in this period to the range of $520-540/mt FOB, for February production.