HDG pricing stable in Turkey, though negotiable

Tuesday, 22 June 2021 17:28:20 (GMT+3)   |   Istanbul
       

The Turkish coated steel market has failed to see any significant improvement in demand over the past week, while the outlook has remained uncertain. Rumors about a possible investigation for Turkish coated steel in the EU have made both buyers and sellers want to wait in order to see a clearer market picture. Producers believe China will impose export tax on hot rolled coil (HRC) and this move will reverse the current downtrend. However, buyers think export demand will decrease further with the upcoming holiday period in the EU and that coated steel suppliers will be forced to sell at lower levels.

In this context, prices have remained unchanged for HDG materials, but discounts up to $20/mt are now on the table since buyers are refraining from accepting the current levels. Moreover, even bigger discounts are expected since HRC prices have moved down last week in Turkey. Offers for pre-painted coils have declined over the past week due to higher availability and larger stocks.

"The market outlook is extremely blurry at the moment due to the rumors in export and global destinations. Buyers are exerting constant pressure on prices and they think prices have been high for a long time. Also, the economic outlook is problematic: there are always liquidity problems," a producer told SteelOrbis.

Turkish domestic prices (ex-works)

Product

Price ($/mt)

Weekly change ($/mt)

HDG 0.50 mm 100gr/m²

1,400-1,450

-

HDG 1 mm 100gr/m²

1,380-1,430

-

HDG 2 mm 100gr/m²

1,350-1,400

-

PPGI RAL 9002 0.3 mm 100 gr/m²

1.650-1,680

-30

PPGI RAL 9002 0.5 mm 100 gr/m²

1,450-1,470

-30

PPGI RAL 9002 1 mm 100 gr/m²

1,420-1,450

-30

Turkish export quotations (FOB)

Product

Price ($/mt)

2 Weeks change ($/mt)

HDG 0.50 mm 100gr/m²

1,400-1,420

-

PPGI RAL 9002 0.5 mm 100 gr/m²

1,440-1,460

-40


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