According to market sources, demand for hot dip galvanized (HDG) products in the local Turkish market has continued to be characterized by slackness during the past week, failing to improve amid the ongoing strong trend of the US dollar against the Turkish lira.
In the Turkish domestic market, HDG sales prices have remained unchanged during the past week for May production and are currently as follows:
Product | Price ($/mt) |
HDG 0.50 mm 100gr/m² | 610-660 |
HDG 1 mm 100gr/m² | 570-600 |
HDG 2 mm 100gr/m² | 550-570 |
The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments.
Meanwhile, demand for Turkish HDG in the foreign markets has declined slightly but is still at medium levels. On the other hand, Turkish producers' HDG offers to the export markets have decreased by $10/mt week on week on the lower end to the range of $600-660 mt FOB amid the fierce competition from European and Chinese suppliers in Turkish producers' target markets.