Turkish PPGI market follows a stable trend

Wednesday, 15 May 2013 16:39:37 (GMT+3)   |   Istanbul
The expected improvement in demand on the back of seasonal factors has failed to materialize in the Turkish pre-painted galvanized iron (PPGI) market and this has created some signals for a price softening. However, hot dip galvanized (HDG) producers have been trying to maintain their prices of galvanized materials - the feedstock for PPGI - at current levels. Meanwhile, demand has also remained on the weak side in the export markets and export offer prices are at the same levels as domestic prices.

Turkish mills' offers for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI are still standing at $1,070-1,140/mt, while offers for RAL 9002 0.5-0.55 mm are at $925-940/mt and prices for RAL 9002 1 mm stand at $840-880/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.

Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.   


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