During the past week, demand in the local Turkish pre-painted galvanized iron (PPGI) market has remained at low levels. Turkish buyers have continued to postpone their PPGI purchases. Market sources state that purchases in the local PPPGI market are expected to be made only in line with needs due to concerns regarding Turkey’s short term economic outlook.
Turkish producers' domestic PPGI prices are still at $970-1,000/mt for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI, at $810-830/mt for RAL 9002 0.5 mm PPGI and at $700-740/mt for RAL 9002 1 mm PPGI. All the offers in question are on ex-works basis and exclude 18 percent VAT.
During the past week, Turkish coated coil export sales have continued, while demand for Turkish coated coil in the export markets has been at strong levels. Turkish PPGI offers to the export markets have also remained stable and are still in the range of $810-820/mt FOB.