Over the past week, demand in the local Turkish hot dip galvanized coil (HDG) market has remained at low levels. Meanwhile, Turkish steel mills have adopted a cautious stance as regards new purchases due to the fluctuations recorded in the Turkish lira-US dollar exchange rate. Market sources do not expect a revival in demand in the short term due to the approach of Ramadan and the negative outlook for Turkey’s economy.
|
Product |
Price ($/mt) |
Weekly change ($/mt) |
|
HDG 0.50 mm 100gr/m² |
670-700 |
0 |
|
HDG 1 mm 100gr/m² |
635-650 |
0 |
|
HDG 2 mm 100gr/m² |
575-595 |
0 |
In the same period, Turkish mills’ HDG export prices have remained unchanged week on week at $665-685/mt FOB.