Over the past week, demand in the local Turkish pre-painted galvanized iron (PPGI) market has remained at low levels. Market sources state that, with the aim of gaining a clearer picture of the trend in the global flat steel market, buyers in Turkey have postponed their PPGI purchases. As a result, prices in the local Turkish PPGI market have continued their downward trend due to the weakness of demand.
Accordingly, Turkish domestic PPGI prices have moved down by $20/mt week on week, with RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI prices at $960-1,005/mt, with the price of RAL 9002 0.5 mm at $800-840/mt and the price of 1 mm RAL 9002 at $690-745/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 $785-815/mt FOB.