Over the past week, demand in the local Turkish pre-painted galvanized (PPGI) coil market has remained weak. As a result of weak domestic and export demand and the downtrend of global flat steel prices, both domestic and export PPGI prices in Turkey have moved down.
Turkish mills' local prices have declined by $30/mt during the past week, with RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI standing at $920-975/mt, RAL 9002 0.5 mm at $770-800/mt and prices for 1 mm RAL 9002 at $660-715/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.
Meanwhile, buyers in the export markets have postponed their purchases to monitor the market and so demand for Turkish coated coil in the global market has remained weak. Turkish mills’ PPGI export quotations have moved down by $30/mt week on week to $760-790/mt FOB.