Over the past week, demand has remained weak in the local Turkish hot dip galvanized (HDG) coil market. Domestic HDG prices are expected to increase in the short term in line with the upticks seen in early this week in hot rolled coil (HRC) prices in Turkey.
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 |
- |
HDG 1 mm 100gr/m² |
685-710 |
- |
HDG 2 mm 100gr/m² |
650-665 |
- |
Meanwhile, demand for Turkish HDG in the export markets has remains sluggish; however Turkish HDG export prices are expected to move up, supported by the uptrend in global flat steel prices. Turkish mills’ HDG export quotations currently stand at the range of $720-750/mt FOB.