In the past week, buyers in the local Turkish hot dip galvanized (HDG) coil market have continued to make bookings only to meet their immediate needs, while Turkish producers’ HDG prices have remained stable week on week. Buyers are cautious due to the sharp fluctuations in the Turkish lira-US dollar exchange rate and prefer to watch the trends in the market before concluding bookings.
Domestic producers’ HDG prices in the local Turkish market are currently as follows:
| Product | Price ($/mt) | Change ($/mt) |
| HDG 0.50 mm 100gr/m² | 700-720 | 0 |
| HDG 1 mm 100gr/m² | 640-650 | 0 |
| HDG 2 mm 100gr/m² | 605-620 | 0 |
Meanwhile, overseas buyers of Turkish HDG exports have started to adopt a wait-and-see stance, preferring to observe the trends of both global raw material prices and Chinese flat steel export offers. Also, the weakening of the euro against the US dollar has negatively impacted Turkish producers’ HDG export sales. Turkish HDG offers to the export markets have remained stable week on week at $670-700/mt FOB.