During the past week, demand in the local Turkish hot dip galvanized (HDG) coil market has remained weak due to ongoing political and economic uncertainty in Turkey. Market sources have stated that domestic inventories of coated steel coils are at low levels, while inventories are expected to be increased following the referendum to be held in April.
On the export side, demand for Turkish coated steel has been a slight weakening because of the approaching Easter holiday, while demand is expected to recover to previous levels after the holiday.
Domestic producers’ HDG prices in the local Turkish market are currently as follows:
| Product | Price ($/mt) | Change ($/mt) |
| HDG 0.50 mm 100gr/m² | 760-780 | - |
| HDG 1 mm 100gr/m² | 715-730 | - |
| HDG 2 mm 100gr/m² | 680-685 | - |
Meanwhile, Turkish producers’ HDG offers to the export markets have remained stable week on week at $750-770/mt FOB.