Over the past week, demand in the local Turkish pre-painted galvanized iron (PPGI) market was weak, while producer prices for the domestic market have continued their downward movement, decreasing by $10/mt week on week. Currently, Turkish buyers prefer to monitor the downtrend of the prices of raw material and flat steel in the global market, concluding deals only to meet their immediate needs.
Accordingly, Turkish domestic PPGI prices have decreased by $10/mt week on week, with RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI prices at $1,090-1,135/mt, with the price of RAL 9002 0.5 mm at $940-960/mt and the price of 1 mm RAL 9002 at $830-865/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.
Meanwhile, Turkish PPGI export prices have also decreased by $10/mt week on week, declining to $925-935/mt FOB.