During the past week, demand in the local Turkish pre-painted galvanized (PPGI) coil market has recovered. Following the increases in global flat steel and raw material prices, Turkish domestic PPGI prices are expected to move up in the short term, while buyers have stepped up their purchases ahead of the anticipated increase in prices.
Turkish domestic PPGI prices have remained stable week on week, with RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI prices standing at $950-1,005/mt, the price of RAL 9002 0.5 mm at $800-830/mt and the price of 1 mm RAL 9002 remaining at $690-745/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.
Meanwhile, buyers in the export markets have also increased their PPGI purchases expecting an increase in prices, while Turkish PPGI prices are likely to rise in the short term. Turkish PPGI prices for the export market are currently at $785-805/mt FOB.