According to market sources, demand in the Turkish domestic hot dip galvanized (HDG) coil market has remained poor over the past two weeks and rising demand in the local hot rolled coil (HRC) market has not been reflected in the HDG market. Market players state that the price increase in the HRC market has also not been reflected in HDG prices due to the considerable weakness of demand for HDG.
In the Turkish domestic market, HDG sales prices have remained unchanged over the past week and are currently as follows:
Product | Price ($/mt) |
HDG 0.50 mm 100gr/m² | 790-810 |
HDG 1 mm 100gr/m² | 740-760 |
HDG 2 mm 100gr/m² | 725-730 |
The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments.
On the other hand, demand for Turkish HDG exports is still weak. Ukraine was the biggest export market for Turkish HDG producers in 2013, receiving approximately 54,000 mt of Turkish HDG. With the absence of Ukraine from the market due to military conflict in the country, Turkish HDG producers are forced to find alternative export markets. However, Turkish HDG offers are found to be on the high side amid competition from Chinese HDG. Meanwhile Turkish HDG export prices have remained unchanged over the past two weeks at $775-790/mt FOB, for September production.
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.