Over the past week, demand in the local Turkish pre-painted galvanized iron (PPGI) market has remained at low levels. Buyers are still postponing their purchases as they continue to monitor the global flat and coated steel markets. Market sources state that buyers are waiting to see the trend of end-user demand and also the movement of the Turkish lira-US dollar exchange rate rather than suddenly restarting their purchases. As a result, market players do not expect a rapid recovery in demand in the short term. 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 decreased to $920-950/mt for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI, to $760-790/mt for RAL 9002 0.5 mm PPGI and to $655-695/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 at $760-780/mt FOB.