Demand in the Turkish pre-painted galvanized iron (PPGI) market has remained on the weak side, while prices are unchanged this week. However, the anticipated price increase for local hot dip galvanized (HDG) products is also expected to be reflected in the PPGI market.
Turkish mills' local offers for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI are standing at $1,015-1,080/mt, while offers for RAL 9002 0.5 mm are at $875-925 /mt and prices for RAL 9002 1 mm stand at $795-845/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.
In the meantime, ex-Turkey offers for July production PPGI are still at $860-920/mt FOB, stable since last week. There has been a slight recovery of demand on the export side for Turkish HDG products.
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