Demand in the local Turkish hot dip galvanized (HDG) market is still slack this week, since buyers have started to adopt a wait-and-see stance amid decreasing Chinese semi-finished and finished steel prices. For the same reason, Turkish hot rolled coil (HRC) producers have kept their prices unchanged, which in turn has contributed to the stable movement of Turkish HDG prices this week. However, market players state that occasional discounts of $20-40/mt are still available in the market.
Meanwhile, HDG prices in the local Turkish market for May production are currently as follows:
| Product | Price ($/mt) | Change ($/mt) |
| HDG 0.50 mm 100gr/m² | 700-800 | - |
| HDG 1 mm 100gr/m² | 640-720 | - |
| HDG 2 mm 100gr/m² | 610-685 | - |
The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments.
Meanwhile, Turkish producers have maintained their HDG export prices unchanged amid weak demand in the global markets, while buyers in the target markets prefer to postpone their HDG bookings and to observe the trend of prices in the market. Accordingly, this week Turkish HDG export offers are still in the range of $700-720/mt FOB for May production.