Demand in the local Turkish hot dip galvanized (HDG) market has showed no recovery in the past week, remaining slack. Just like the previous week, due to the decreases in Turkish steel producers’ hot rolled coil (HRC) quotations since the beginning of last week, Turkish HDG producers’ prices have declined by $40/mt over the past week, also since buyers have been postponing their HDG purchases due to strong expectations of a decline in local HDG prices.
Domestic producers’ HDG prices in the local Turkish market are currently as follows:
| Product | Price ($/mt) | Change ($/mt) |
| HDG 0.50 mm 100gr/m² | 600-660 | ↓40 |
| HDG 1 mm 100gr/m² | 540-580 | ↓40 |
| HDG 2 mm 100gr/m² | 510-545 | ↓40 |
The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments.
Meanwhile, Turkish producers’ HDG export prices have decreased by $40/mt to $630-650/mt FOB during the past week, due to slack demand and the downtrend of global steel prices.