During the past week, demand in the local Turkish pre-painted galvanized iron (PPGI) market has remained slack and buyers have continued to make bookings only to meet their immediate needs. Despite the weak demand, Turkish coated steel producers are unwilling to decrease their prices. Market sources state that the current situation of the local Turkish PPGI market is expected to continue in the short term.
Turkish producers' domestic PPGI prices are still at $945-975/mt for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI, at $785-815/mt for RAL 9002 0.5 mm PPGI and at $680-720/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, Turkish PPGI exporters have continued their sales. Although buyers have asked for new price discounts, Turkish mills, who have not reflected the increase in their production costs to their customers yet, have been unwilling to decrease their quotations. Therefore, Turkish PPGI export offers have remained unchanged week on week at $785-805/mt FOB.