Demand weakens in Turkish HDG market ahead of New Year

Wednesday, 26 November 2014 16:55:05 (GMT+3)   |   Istanbul
According to market sources, demand for Turkish hot dip galvanized (HDG) coil both in the local and in the export markets has weakened compared to last week. Market sources believe the main reason for the weakening of demand is the approach of the New Year, while Turkish traders, who are experiencing liquidity issues, are primarily focused on reducing their stocks.

In the Turkish domestic market, HDG sales prices have remained unchanged over the past week and are currently as follows:

Product

Price ($/mt)

HDG   0.50 mm  100gr/m²

770-790

HDG   1 mm  100gr/m²

720-740

HDG   2 mm  100gr/m²

705-710

The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments. 

On the other hand, ex-Turkey HDG offers are still at $750-760/mt FOB for December production.


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