Although buyers in the local Turkish hot dip galvanized (HDG) market have stepped up their price inquiries after the end-of-Ramadan holiday, demand for HDG is still weak in Turkey. During the past two weeks, quotations for hot rolled coil (HRC) - the raw material for HDG production - have softened by $10/mt on average and with the additional influence of weak demand conditions Turkish HDG producers have reduced their prices by $40/mt in the same period.
Domestic producers' HDG prices in the local Turkish market are currently as follows:
Product | Price ($/mt) | Change ($/mt) |
HDG 0.50 mm 100gr/m² | 550-590 | -40 |
HDG 1 mm 100gr/m² | 490-520 | -40 |
HDG 2 mm 100gr/m² | 460-485 | -40 |
The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments.
Meanwhile, Turkish producers' HDG export prices have also decreased, softening by $40/mt on the upper end to $590-600/mt FOB during the past two weeks, while market sources state that discounts are available depending on buyer and tonnage.