Demand in the local Turkish hot dip galvanized (HDG) coil market has remained at low levels during the past week. As a result of weak domestic and export demand and the downtrend of hot rolled coil (HRC) prices in previous weeks, Turkish HDG prices have moved down in the past week.
Domestic producers’ HDG prices in the local Turkish market are currently as follows:
Product |
Price ($/mt) |
Change ($/mt) |
HDG 0.50 mm 100gr/m² |
700-750 |
-20 |
HDG 1 mm 100gr/m² |
665-690 |
-20 |
HDG 2 mm 100gr/m² |
630-645 |
-20 |
Demand for Turkish HDG in the export markets has remained weak in the same period, while buyers have postponed their purchases to monitor the trends of the global flat steel markets. Meanwhile, Turkish producers’ HDG offers to the export markets moved down by $20/mt to $700-730/mt FOB compared to the previous week.