Buyers in the local Turkish hot dip galvanized (HDG) coil market are still cautious and continue to make bookings only to meet their immediate needs due to the ongoing depreciation of the Turkish lira against the US dollar, resulting in weak demand. Meanwhile, Turkish producers have maintained their HDG prices unchanged over the past week.
Domestic producers’ HDG prices in the local Turkish market are currently as follows:
Product |
Price ($/mt) |
Change ($/mt) |
HDG 0.50 mm 100gr/m² |
700-750 |
- |
HDG 1 mm 100gr/m² |
640-680 |
- |
HDG 2 mm 100gr/m² |
605-650 |
- |
Meanwhile, demand for Turkish HDG in the export markets has started to recover since European and US-based buyers have begun to return from their holidays. Turkish HDG export offers have remained stable week on week in the range of $680-710/mt FOB.