PPGI prices soften in Turkish domestic market

Thursday, 14 June 2012 12:28:06 (GMT+3)   |  
The pre-painted galvanized iron (PPGI) demand in Turkey is still weak, while a decrease of $30/mt has been seen in listed prices. Producers had been applying discounts of $20-30/mt before this price cut, though stressing that prices were already very low indeed. However, following this decrease in listed prices the market is still quiet. In the meantime, similar to previous weeks, the PPGI export offers of Turkey have remained almost at the same price levels as in the domestic market due to poor demand.
 
In the Turkish domestic market, RAL 9002 0.5 mm 100 gr/m² zinc coated PPGI prices are now standing at $900-920/mt ex-works, exclusive of 18 percent VAT.

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