Over the past week, buyers in the Turkish coated steel market have continued to postpone their orders and demand has remained at low levels. Buyers are purchasing only in line with their immediate needs since they believe prices have not hit the bottom yet. Market sources state that end-user demand in Turkey is really weak and demand for coated steel products is not expected to recover soon.
Turkish mills’ price offers for coated products for their domestic and export markets, for November production, are presented in the following table.
|
Turkish domestic prices (ex-works) |
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|
Product |
Price ($/mt) |
Weekly change ($/mt) |
|
HDG 0.50 mm 100gr/m² |
570-600 |
-35 |
|
HDG 1 mm 100gr/m² |
560-580 |
-35 |
|
HDG 2 mm 100gr/m² |
515-535 |
-35 |
|
PPGI RAL 9002 0.3 mm 100 gr/m² |
790-830 |
-40 |
|
PPGI RAL 9002 0.5 mm 100 gr/m² |
630-670 |
-40 |
|
PPGI RAL 9002 1 mm 100 gr/m² |
605-625 |
-40 |
|
Turkish export quotations (FOB) |
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|
Product |
Price ($/mt) |
Weekly change ($/mt) |
|
HDG 0.50 mm 100gr/m² |
570-590 |
-35 |
|
PPGI RAL 9002 0.5 mm 100 gr/m² |
630-660 |
-35 |