Demand in the local Turkish hot dip galvanized (HDG) market has remained slack in the past week. With the ongoing decreases in Chinese hot rolled coil (HRC) prices, Turkish buyers have adopted a wait-and-see stance and so Turkish HRC producers have maintained their prices unchanged for the time being. Despite this sideways trend of prices of HRC - the raw material for HDG production, Turkish HDG prices have declined by $40/mt week on week amid low demand.
Meanwhile, HDG prices in the local Turkish market for May production are currently as follows:
Product |
Price ($/mt) |
Change ($/mt) |
HDG 0.50 mm 100gr/m² |
700-760 |
↓40 on the upper end |
HDG 1 mm 100gr/m² |
640-680 |
↓40 on the upper end |
HDG 2 mm 100gr/m² |
610-645 |
↓40 on the upper end |
The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments.
Meanwhile, Turkish producers have maintained their HDG export prices unchanged against the backdrop of weak demand in the global markets, with buyers in the target markets preferring to postpone their HDG bookings. Accordingly, this week Turkish HDG export offers are still in the range of $700-720/mt FOB for May production.