Over the past week, demand in the local Turkish pre-painted galvanized iron (PPGI) market has remained at low levels. Buyers in the local Turkish PPGI market have postponed their purchases as they continued to monitor the global flat steel markets, while they have maintained their cautious stance due to the fluctuating Turkish lira-US dollar exchange rate. Market sources do not expect a recovery in demand in the short term amid the negative outlook for Turkey’s economy and also due to the approach of Ramadan. Under the current situations, Turkish coated steel producers have kept their domestic offers stable week on week.
As a result, Turkish producers' domestic PPGI prices have remained at $910-940/mt for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI, at $750-780/mt for RAL 9002 0.5 mm PPGI and at $645-685/mt for RAL 9002 1 mm PPGI. All the offers in question are on ex-works basis and exclude 18 percent VAT.
In the same period, Turkish PPGI export quotations have moved sideways in the range of $750-770/mt FOB.