Local Turkish HDG prices move down further

Wednesday, 15 May 2019 14:36:00 (GMT+3)   |   Istanbul
       

Over the past week, demand in the local Turkish hot dip galvanized (HDG) coil market has remained slack, while prices have decreased further by $25/mt. Buyers have continued to postpone their bookings due to the depreciation of the Turkish lira against the US dollar and the negative economic situation in Turkey. Under these circumstances, demand for domestic HDG in Turkey is not expected to recover in the short term due to the economic situation, Ramadan and the approach of the summer season.

Product

Price ($/mt)

Weekly change ($/mt)

HDG   0.50 mm  100gr/m²

630-660

↓25

HDG   1 mm  100gr/m²

595-610

↓25

HDG   2 mm  100gr/m²

535-555

↓25

In the same period, Turkish mills’ HDG export prices have declined by $25/mt week on week to $625-645/mt FOB.

 


Most Recent Related Articles

Coated steel prices in Turkey fall sharply

Local Turkish flat steel spot prices decrease

Turkish coated steel prices under pressure, demand low

Flat steel spot prices in Turkey fail to recover for now

Plate prices firm up in Turkey as demand improves