During the past week, trading activity in the local Turkish pre-painted galvanized (PPGI) coil market has continued amid lively demand, while prices have moved upwards since Turkish steel mills’ order books are fairly full and also due to the ongoing uptrend of flat steel prices in the global market.
Accordingly, Turkish domestic PPGI prices have increased by $20/mt on the lower end and have risen by $10/mt on the upper end week on week, with RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI prices rising to $990-1,035/mt, with the price of RAL 9002 0.5 mm increasing to $840-860/mt and the price of 1 mm RAL 9002 moving up to $730-775/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.
Meanwhile, in the export markets, even though demand for Turkish PPGI is weaker as compared to the domestic market, Turkish PPGI export prices have increased by $15/mt on average week on week to $825-835/mt FOB in line with rising PPGI prices in the Turkish domestic market.