In the Turkish domestic hot dip galvanized (HDG) steel market, the sales prices of local production material are as follows:
Product |
Price ($/mt) |
HDG 0.50 mm 100gr/m² |
810-830 |
HDG 1 mm 100gr/m² |
780-800 |
HDG 2 mm 100gr/m² |
760-780 |
The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments.
As SteelOrbis indicated in last week's report, Turkish HDG mills had cut their offers by as much as $15-20/mt for large volume orders. Turning to this week, HDG prices in Turkey have softened by $10-15/mt as compared to last week. Even though prices have declined significantly, demand has shown no sign of improvement, and market players have continued to adopt a wait-and-see stance. Meanwhile, HDG dealers state that prices have hit bottom and that there is no chance of prices declining further even if demand remains sluggish.