Turkish domestic HDG prices decrease

Wednesday, 10 April 2019 15:12:20 (GMT+3)   |   Istanbul
       

Over the past week, demand in the local Turkish hot dip galvanized coil (HDG) market has remained at low levels. Meanwhile, Turkish steel mills have been facing weak demand both in their domestic and export markets, and so they have reduced their domestic HDG prices. Despite lower domestic HDG quotations, market sources do not expect a revival in demand due to the weakness of local end-user demand and the Easter holiday in Turkey’s biggest export market, Europe.

Product

Price ($/mt)

Weekly change ($/mt)

HDG   0.50 mm  100gr/m²

670-700

↓10

HDG   1 mm  100gr/m²

635-650

↓10

HDG   2 mm  100gr/m²

575-595

↓10

 

In the same period, Turkish mills’ HDG export prices have decreased by $10/mt week on week to $665-685/mt FOB.


Most Recent Related Articles

Euro area construction output up by 0.7 percent in Nov from Oct

Some Izmir-based Turkish mills further reduce ship scrap purchase prices

CEBID: Turkish steel pipe output expected to increase in 2020

Japan's new ship export orders fall in 2019

Domestic rebar prices in Taiwan - week 4