Over the past week, demand in the local Turkish hot dip galvanized coil (HDG) market has remained at low levels, while buyers have postponed their purchases. Buyers have continued to monitor the global flat and coated steel markets. Market sources do not anticipate a rapid recovery in domestic HDG demand after the elections held on March 31, while buyers are waiting to see the trend of end-user demand and also the movement of the Turkish lira-US dollar exchange rate. As a result, demand in the local Turkish HDG market is not expected to recover in the short term.
Product |
Price ($/mt) |
Weekly change ($/mt) |
HDG 0.50 mm 100gr/m² |
680-710 |
0 |
HDG 1 mm 100gr/m² |
645-660 |
0 |
HDG 2 mm 100gr/m² |
585-605 |
0 |
In the same period, Turkish mills’ HDG export prices have remained stable week on week at $675-695/mt FOB.