Sideways movement in Turkish PPGI market

Tuesday, 30 January 2018 14:46:18 (GMT+3)   |   Istanbul
       

Over the past week, prices in the local Turkish pre-painted galvanized iron (PPGI) market have remained unchanged, while demand in the market has remained at low levels in the same period. Meanwhile, market sources state that Turkish coated steel buyers have postponed their purchases to monitor the trend of global flat steel quotations and that downward pressure on prices exists in the Turkish PPGI market due to the strong expectations of a fall in global flat steel prices. 

Turkish domestic PPGI prices are still at $1,020-1,065/mt for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI, at $860-900/mt for RAL 9002 0.5 mm PPGI and at $750-805/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 export prices have remained stable week on week at $865-875/mt FOB.


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