Demand in the local Turkish pre-painted galvanized (PPGI) coil market is still slack this week, due to the approach of the New Year. Meanwhile, Turkish mills’ domestic PPGI quotations have remained stable week on week. Turkish mills' local prices for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI are at $950-1,035/mt, while their offers for RAL 9002 0.5 mm are at $800-860/mt and prices for 1 mm RAL 9002 are at $690-775/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.
Meanwhile, European and US-based buyers have decreased their inquiries for Turkish PPGI amid ongoing Christmas holidays. However, demand for Turkish PPGI in the export markets is expected to increase slightly and inquiries, which were made in previous weeks, are expected to result in deals with the beginning of the New Year. Turkish PPGI export offers have remained stable week on week in the range of $770-805/mt FOB.