During the past week, demand in the local Turkish hot dip galvanized (HDG) coil market has continued to be characterized by sluggishness as market players have preferred to monitor the prices of raw material and flat steel in the global market, concluding deals only to meet their immediate needs. Turkish coated steel mills have decreased their prices by $20/mt on average week on week.
Domestic producers’ HDG prices in the local Turkish market, excluding 18 percent VAT, are currently as follows:
|
Product |
Price ($/mt) |
Weekly change ($/mt) |
|
HDG 0.50 mm 100gr/m² |
800-850 |
↓20 |
|
HDG 1 mm 100gr/m² |
755-800 |
↓20 |
|
HDG 2 mm 100gr/m² |
720-755 |
↓20 |
Meanwhile, Turkish mills’ HDG export quotations have decreased by $20/mt on average over the past week to $790-840/mt FOB.