Over the past week, demand in the local Turkish hot dip galvanized (HDG) coil market continued to remain weak. However, Turkish HDG producers, whose production costs have gone up amid the upticks seen in hot rolled coil (HRC) prices in the second week of May, have increased their prices slightly as they believe that global flat rolled steel prices will see further increases.
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 |
690-740 |
+10 |
HDG 1 mm 100gr/m² |
655-680 |
+10 |
HDG 2 mm 100gr/m² |
620-635 |
+10 |
Meanwhile, demand for Turkish HDG exports has remained weak because of Ramadan and the start of the summer season. However, Turkish mills’ HDG export quotations have moved up by $10/mt over the past week to $690-720/mt FOB, in line with higher domestic HDG prices.