Demand in the local Turkish hot dip galvanized (HDG) coil market has been at good levels during the past week. As a result of improved demand and due to the ongoing rises seen in prices of hot rolled coil (HRC) in the domestic market, Turkish coated coal producers have further raised their domestic HDG prices.
Accordingly, domestic producers’ HDG prices in the local Turkish market, excluding 18 percent VAT, are at the following levels:
Product |
Price ($/mt) |
Weekly change ($/mt) |
HDG 0.50 mm 100gr/m² |
850-880 |
+40 |
HDG 1 mm 100gr/m² |
790-845 |
+40 |
HDG 2 mm 100gr/m² |
745-770 |
+40 |
Meanwhile, Turkish mills’ HDG export quotations have increased by an average of $40/mt week on week to $835-875/mt FOB.