According to market sources, demand in the Turkish pre-painted galvanized iron (PPGI) market was expected to improve after the revival of demand in the overall flat steel market, but there has been no recovery of demand for PPGI over the past week.
Turkish mills' local offers have remained unchanged, with their offers for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI still standing at $1,030-1,080/mt, while offers for RAL 9002 0.5 mm are at $890-940/mt and prices for RAL 9002 1 mm stand at $810-850/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.
In the meantime, demand for Turkish PPGI exports has remained on the weak side this week. Demand from the Ukrainian and Russian markets for Turkish PPGI has decreased due to the ongoing crisis affecting the two countries in question. Ex-Turkey PPGI offers have remained stable since last week at $875-925/mt FOB, for August production.
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