Turkey-based coated steel producers have been forced to follow a downward trend in their pricing this week as market sentiment has weakened. While coated steel stocks remain high, expectations are negative as import scrap prices in Turkey have indicated a sizeable drop. As a result, buyers have postponed their orders and are trying to evaluate the market. Re-rollers have responded with some price decrease, but customers expect bigger discounts in the near future.
Domestic 0.5mm Z100 hot-dip galvanized coil (HDG) prices have been settled at $635-650/mt ex-works, versus a wide range of $635-670/mt ex-works seen last week. In the meantime, $610-630/mt ex-works levels are reportedly available for Z50-70 coating. A similar situation is seen in the PPGI market with prices for lower coating coming to $680/mt ex-works, SteelOrbis understands.
On the export side, the demand from key markets has decreased due to the situation in China. Buyers are cautious regarding new purchases and prefer to wait for a clearer market trend. As a result, restocking is being done only in order to cover urgent needs, while there is pressure on Turkey’s export offers. As a result, Turkish mills have decreased their prices by $20/mt for HDG and by $10-15/mt for PPGI.
Turkish mills’ price offers for coated products for their domestic and export markets are presented in the following table.
Turkish domestic prices (ex-works) |
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Product |
Price ($/mt) |
Weekly change ($/mt) |
HDG 0.50 mm 100gr/m² |
635-650 |
0/-20 |
HDG 1 mm 100gr/m² |
620-630 |
-10/-20 |
HDG 2 mm 100gr/m² |
570-600 |
-20 |
PPGI RAL 9002 0.3 mm 100 gr/m² |
750-780 |
-30/-20 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
720-750 |
-30/-10 |
PPGI RAL 9002 1 mm 100 gr/m² |
700-710 |
-20 |
Turkish export quotations (FOB) |
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Product |
Price ($/mt) |
Weekly change ($/mt) |
HDG 0.50 mm 100gr/m² |
630-650 |
-20 |
PPGI RAL 9002 0.5 mm 100 gr/m² |
730-740 |
-10/-15 |