Demand in the local Turkish pre-painted
galvanized (PPGI) coil market has continued to be characterized by sluggishness in the past week, since Turkish buyers have adopted a wait-and-see stance amid expectations of price declines in the market. Since the prices of import hot rolled coil (HRC) - the raw material for PPGI production - in
Turkey have been declining since last week, Turkish HRC producers have reduced their prices by $65/mt this week.
Accordingly, Turkish mills' local prices for RAL 9002 0.3 mm 100 gr/m² zinc-
coated PPGI are at $870-945/mt, while their offers for RAL 9002 0.5 mm are at $740-790/mt and prices for 1 mm RAL 9002 are at $620-695/mt. All the offers in question are on ex-works basis, exclude 18 percent VAT.