According to market sources, demand for hot dip galvanized (HDG) in the local Turkish market has remained low over the past week, as buyers are still postponing their purchases amid political and economical uncertainty in the country. Meanwhile, HDG prices in the local Turkish market have declined by $30-40/mt in the same period for October production and are currently as follows:
Product | Price ($/mt) |
HDG 0.50 mm 100gr/m² | 550-570 |
HDG 1 mm 100gr/m² | 510-530 |
HDG 2 mm 100gr/m² | 490-500 |
The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments.
Meanwhile, Turkish producers' HDG offers to the export markets have also declined, falling by $40/mt over the past week to the range of $540-570/mt FOB, for October production. Market sources state that, due to ongoing declines seen in global flat steel prices, demand is at weak levels, with foreign buyers postponing their purchases of Turkish HDG.