According to market sources, demand for hot dip galvanized (HDG) products in the local Turkish market has remained at medium levels during the past week.
In the Turkish domestic market, HDG sales prices have remained unchanged during the past week for August production and are currently as follows:
Product | Price ($/mt) |
HDG 0.50 mm 100gr/m² | 620-660 |
HDG 1 mm 100gr/m² | 580-600 |
HDG 2 mm 100gr/m² | 560-570 |
The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments.
Meanwhile, demand for Turkish HDG in the foreign markets has continued to be weak but inquiries have slightly increased in the same period. Turkish producers' HDG offers to the export markets have remained stable over the past week at $610-660/mt FOB, for August production. Market sources report that inquiries from the Middle East and North Africa have failed to improve due to Ramadan, while the increase seen in inquiries is caused by buyers in the US, Europe and the CIS.