Over the past week, demand in the local Turkish pre-painted galvanized iron (PPGI) market has remained slack, while prices have remained stable. Market sources state that buyers are unwilling to conclude deals and are making purchases only to meet their immediate needs as they prefer to monitor the global market. Accordingly, domestic PPGI demand in Turkey is not expected to recover in the short term.
Turkish producers' domestic PPGI prices are at $1,020-1,050/mt for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI, at $860-880/mt for RAL 9002 0.5 mm PPGI and at $750-790/mt for RAL 9002 1 mm PPGI. All the offers in question are on ex-works basis and exclude 18 percent VAT.
Meanwhile, Turkish PPGI offers to the export markets have also remained stable during the given period, at $860-870/mt FOB.