Turkish re-rollers have started the new week with providing fresh discounts to the domestic market while remaining quite aggressive on the export side. The low level of the demand, partly related to the tough financial situation in the country and the recently announced tax increased, including the value-added tax.
The domestic base hot-dip galvanized (HDG) coil prices are now mainly set at $850-880/mt ex-works, $20-40/mt down over the week. Producers’ pre-painted galvanized iron (PPGI) offers have declined by $10-45/mt over the same period and settled mostly within $990-1,015/mt ex-works base for now. However, according to sources, some of the sellers are ready to deal at as low as $960/mt ex-works. Turkey’s cold-rolled coil prices are now settled within $780-810/mt ex-works for 1 mm material, down from $790-820/mt ex-works seen in the past week.
On exports, where the demand is coming but the sales remain low, Turkish re-rollers continued their aggressive pricing. For HDG, the lowest reported levels stand at $820-825/mt FOB, some mills are at $845-860/mt FOB but the discounts seem to be applicable. In the CRC segment, the export prices are at $730-750/mt FOB, SteelOrbis has learned.
