Last week, demand and prices in the local Turkish hot dip galvanized (HDG) market recovered slightly against the backdrop of the livelier activity in the local hot rolled coil (HRC) market. This week, inquiries for domestic HRC in the Turkish market have decreased, resulting in the sluggishness of trading activity in the domestic HDG market. Under these market conditions, domestic producers’ HDG prices have remained stable week on week. In the short term, prices in the local Turkish HDG market are not expected to show a significant change and are likely to maintain their current levels despite the weak demand, amid the firmness of HRC prices.
Domestic producers’ HDG prices in the local Turkish market are currently as follows:
| Product | Price ($/mt) | Change ($/mt) |
| HDG 0.50 mm 100gr/m² | 640-660 | - |
| HDG 1 mm 100gr/m² | 580-590 | - |
| HDG 2 mm 100gr/m² | 545-560 | - |
The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments.
On the other hand, Turkish HDG export offers have also remained stable week on week in the range of $620-650/mt FOB, while demand for Turkish HDG in target markets is slack due to the slowdown of trading activity in the global markets.