During the past week, demand in the local Turkish hot dip galvanized coil (HDG) market has continued to be slack, while Turkish steel mills’ domestic HDG prices have remained unchanged. Turkish buyers are concluding deals only in line with their needs due to the negative economic outlook, while market sources do not expect this cautious stance to disappear in the short term.
Accordingly, domestic producers’ HDG prices in the local Turkish market, excluding 18 percent VAT, are at the following levels:
|
Product |
Price ($/mt) |
Weekly change ($/mt) |
|
HDG 0.50 mm 100gr/m² |
720-750 |
- |
|
HDG 1 mm 100gr/m² |
660-715 |
- |
|
HDG 2 mm 100gr/m² |
615-640 |
- |
In the given period, demand for Turkish HDG in export markets has continued to be strong and new Turkish HDG export deals have been concluded. Turkish mills’ HDG export quotations have also remained stable week on week and are still at $715-735/mt FOB.