Over the past week, demand in the local Turkish hot dip galvanized (HDG) coil market has remained slack, while buyers have continued to exert pressure on producers’ prices. However, Turkish mills have been unwilling to offer new discounts as the downwards movement of domestic hot rolled coil (HRC) prices has switched to a sideways trend.
Accordingly, domestic producers’ HDG prices in the local Turkish market, excluding 18 percent VAT, have started to range at following levels:
Product |
Price ($/mt) |
Weekly change ($/mt) |
HDG 0.50 mm 100gr/m² |
690-730 |
0 |
HDG 1 mm 100gr/m² |
645-680 |
0 |
HDG 2 mm 100gr/m² |
610-635 |
0 |
Meanwhile, Turkish mills’ HDG export quotations have remained stable over the past week at $680-720/mt FOB.