Demand in the local Turkish hot dip galvanized (HDG) coil market has remained slack in the past week, with buyers continuing to make bookings only to meet their immediate needs due to the ongoing political and economic uncertainties in Turkey. Meanwhile, Turkish producers have maintained their HDG prices unchanged over 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 | - |
| HDG 1 mm 100gr/m² | 640-680 | - |
| HDG 2 mm 100gr/m² | 605-650 | - |
Meanwhile, inquiries for Turkish HRC in the export markets seemed to increase in previous weeks, but these inquiries have failed to result in deals, as a result of the sharp fluctuations in global iron ore prices and since buyers have started to exert pressure on prices. Turkish HDG export offers have remained stable week on week in the range of $680-710/mt FOB.