Over the past week, demand in the local Turkish hot dip galvanized (HDG) coil market has remained weak. Despite the downward pressure on global flat rolled and coated steel prices and the weak demand, local HDG prices have continued to increase amid low inventory levels in the Turkish market.
Domestic producers’ HDG prices in the local Turkish market are currently as follows:
Product |
Price ($/mt) |
Weekly Change ($/mt) |
HDG 0.50 mm 100gr/m² |
730-760 |
+20 |
HDG 1 mm 100gr/m² |
685-710 |
+20 |
HDG 2 mm 100gr/m² |
650-665 |
+20 |
Meanwhile, despite the weak demand for Turkish HDG in the export markets, Turkish mills’ HDG export quotations have moved up by $20/mt over the past week to $720-750/mt FOB, in line with higher domestic HDG prices.
