It is observed that purchases in the local Turkish pre-painted galvanized iron (PPGI) market have improved slightly over the past week, while domestic PPGI prices have continued their downward trend as a result of price negotiations. Market sources state that Turkish coated coil producers are unwilling to offer further discounts because of the support provided by increased demand, while they expect domestic PPGI prices in Turkey to move sideways in the short term.
Accordingly, Turkish domestic PPGI prices have remained moved down by an average of $20/mt week on week, with RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI prices at $1,010-1,055/mt, with the price of RAL 9002 0.5 mm at $860-880/mt and the price of 1 mm RAL 9002 at $750-785/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.
Meanwhile, Turkish PPGI export prices have also declined by $20/mt week on week to $845-855/mt FOB.