In this week's Turkish domestic market, official prices of hot dip galvanized (HDG) coil and sheet have remained unchanged since last week, though discounts have risen for actual bookings.
While last week Turkish producers' discounts for HDG bookings were about $15-20/mt, this week discount rates have risen to $15-30/mt. Since it is thought that HDG prices have already reached the bottom in the Turkish domestic market, no further softening is expected in official price levels, though it is believed that discount rates may change depending on order volume.
Although buyers are still maintaining their wait-and-see stance, they continue to purchase within the scope of their needs. In the meantime, export HDG offers have been trending sideways since last week due to low demand.
In the Turkish domestic hot dip galvanized (HDG) steel market, the sales prices of local production material are as follows:
Product |
Price ($/mt) |
HDG 0.50 mm 100gr/m² |
810-830 |
HDG 1 mm 100gr/m² |
780-800 |
HDG 2 mm 100gr/m² |
760-780 |
The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments.