Demand in the local Turkish hot dip galvanized (HDG) market has remained slack in the past week, just like in previous weeks. Turkish HDG producers have kept their prices stable over the past week since buyers in the market are still concluding purchases only in line with their needs, expecting trading activity in the market to improve slightly after the Feast of Sacrifice holiday, and due to the sideways movement of domestic quotations of hot rolled coil (HRC) - the raw material for HDG production.
Domestic producers’ HDG prices in the local Turkish market are currently as follows:
Product | Price ($/mt) | Change ($/mt) |
HDG 0.50 mm 100gr/m² | 540-590 | 0 |
HDG 1 mm 100gr/m² | 480-520 | 0 |
HDG 2 mm 100gr/m² | 450-485 | 0 |
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 in the export markets has improved slightly over the past week, but is still at weak levels, while Turkish HDG export offers have remained unchanged week on week at $570-580/mt FOB.