Local Turkish HDG market moves sideways

Wednesday, 02 August 2017 16:09:07 (GMT+3)   |   Istanbul
       

During the past week, buyers in the local Turkish hot dip galvanized (HDG) coil market have continued to conclude purchases, with demand at decent levels, while prices have remained unchanged. Meanwhile, Turkish mills are expected to increased their HDG prices in the short term since their order books are fairly full and also due to the uptrend of domestic hot rolled coil (HRC) prices.

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

750-780

0

HDG   1 mm  100gr/m²

705-730

0

HDG   2 mm  100gr/m²

670-685

0

Meanwhile, even though demand for Turkish HDG in the export markets is weaker as compared to the domestic market, Turkish HDG export prices are expected to increase in the short term since prices of raw material and flat steel in the global market have continued to rise. For now, Turkish mills’ HDG export quotations have remained stable week on week at $740-770/mt FOB.


Similar articles

US sheet prices tick up modestly ahead of Easter weekend

28 Mar | Scrap & Raw Materials

US HDG imports up 10.6 percent in February

28 Mar | Steel News

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Chinese HDG export prices mainly stable, with negative bias in some offers

28 Mar | Flats and Slab

Ex-India HDG and CRC prices edge down, trade remains in doldrums

28 Mar | Flats and Slab

HDG consumption in Mexico up 12.0 percent in January

27 Mar | Steel News

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

US flats source believe HRC prices are “at or near the bottom”

22 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab

Ex-India HDG prices stable due to silent trade amid multiple cheaper alternatives for buyers

21 Mar | Flats and Slab