During the past week, demand in the local Turkish hot dip galvanized (HDG) coil market has remained at decent levels. Meanwhile, Turkish coated steel producers, whose order books are fairly full, have increased their prices due to the ongoing uptrend of prices of raw material and flat steel in the global market.
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 |
760-790 |
↑10 |
|
HDG 1 mm 100gr/m² |
715-740 |
↑10 |
|
HDG 2 mm 100gr/m² |
680-695 |
↑10 |
Meanwhile, demand for Turkish HDG in the export markets is weaker as compared to demand in the domestic market. However, Turkish mills’ HDG export quotations have increased by $10/mt week on week to $750-780/mt FOB in line with rising HDG prices in the domestic market.