According to market sources, the increasing demand seen in previous weeks for hot dip galvanized (HDG) products in the local Turkish market has been replaced by sluggish demand amid bearish sentiment caused by the increase in uncertainty with the approach of the general election to be held on June 7.
In the Turkish domestic market, HDG sales prices have remained unchanged during the past week for July production and are currently as follows:
Product | Price ($/mt) |
HDG 0.50 mm 100gr/m² | 610-660 |
HDG 1 mm 100gr/m² | 570-600 |
HDG 2 mm 100gr/m² | 550-570 |
The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments.
Meanwhile, demand for Turkish HDG in the foreign markets is still at medium levels, while Turkish producers' HDG offers to the export markets have remained unchanged week on week in the range of $600-660 mt FOB for June production.