As buyers in the local Turkish pre-painted galvanized iron (PPGI) market expect prices to soften, they are in no rush to conclude transactions. On the other hand, with decent order levels, producers have kept their prices stable compared to the previous week in line with the sideways trend of raw material prices.
Accordingly, Turkish domestic PPGI prices have remained stable week on week, with RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI prices at $1,030-1,075/mt, with the price of RAL 9002 0.5 mm at $880-900/mt and the price of 1 mm RAL 9002 at $770-805/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.
Meanwhile, Turkish PPGI export prices have also remained unchanged week on week at $865-875/mt FOB.