Demand in the local Turkish hot dip galvanized (HDG) market has failed to record any recovery during the past week, remaining slack. According to market sources, buyers in the local Turkish HDG market are still concluding purchases only in line with their needs, while they are still cautious. Meanwhile, market players state that trading activity in the local Turkish HDG market is expected to improve after the Feast of Sacrifice holiday. Turkish HDG producers have kept their prices stable over the past week under the influence of the sideways movement recorded in Turkish hot rolled coil (HRC) quotations.
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, Turkish HDG export offers have remained unchanged week on week at $570-580/mt FOB. Additionally, SteelOrbis has been informed that demand for Turkish HDG in the export markets is still weak, having failed to improve during the past week.