Some buyers in the local Turkish hot dip galvanized (HDG) coil market have been accelerating their purchases in the current week in expectation of an increase in coated coil prices due to the slight rises recorded in hot rolled coil (HRC) quotations last week. On the other hand, most buyers have continued to postpone their HDG purchases in order to observe the future trend of the market.
Domestic producers' HDG prices in the local Turkish market are currently as follows:
Product | Price ($/mt) | Weekly Change ($/mt) |
HDG 0.50 mm 100gr/m² | 680-730 | 0 |
HDG 1 mm 100gr/m² | 645-670 | 0 |
HDG 2 mm 100gr/m² | 610-625 | 0 |
Meanwhile, Turkish mills' HDG export quotations have also moved sideways over the past week at $680-710/mt FOB, with demand for Turkish HDG in the international markets remaining at low levels.