During the past week, demand in the local Turkish pre-painted galvanized iron (PPGI) market has remained slack, while prices have remained stable. Turkish buyers have continued to adopt a cautious stance, concluding deals only to meet their immediate needs. According to market sources, demand for domestic PPGI in Turkey is likely to remain slack in the short term.
Turkish producers' domestic PPGI prices are still at $955-985/mt for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI, at $795-815/mt for RAL 9002 0.5 mm PPGI and at $690-730/mt for RAL 9002 1 mm PPGI. All the offers in question are on ex-works basis and exclude 18 percent VAT.
In the given period, demand for Turkish PPGI in target export markets has been at decent levels, while Turkish PPGI export offers have remained stable week on week at $795-805/mt FOB.