According to market sources, demand in the Turkish domestic hot dip galvanized (HDG) coil market has remained weak since last week. Market players state that the considerable weakness of demand puts pressure on Turkish HDG prices, but no discount is expected given the general uptrend of flat steel quotations.
In the Turkish domestic market, HDG sales prices have remained unchanged over the past week and are currently as follows:
Product | Price ($/mt) |
HDG 0.50 mm 100gr/m² | 790-810 |
HDG 1 mm 100gr/m² | 740-760 |
HDG 2 mm 100gr/m² | 725-730 |
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 exports is still weak. Low ex-China HDG offers put pressure on Turkish HDG producers to reduce their prices for their targeted markets. However, flat steel product quotations in the international markets are trending upward due to production issues in Ukraine. Therefore, market sources report that Turkish HDG producers are unlikely to decrease their prices, while Turkish HDG export prices have remained unchanged since last week at $775-790/mt FOB, for September production.
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.