Turkish PPGI prices move sideways at bottom levels

Demand is still sluggish in the Turkish domestic pre-painted galvanized iron (PPGI) market, while producers do not intend to make any price cuts. Stating that PPGI prices are already at very low levels, the mills say that discounts of about $20-30/mt have been very widespread in the market for actual bookings for quite a while. On the other hand, buyers state that the current sluggishness in the market is a result of weak demand rather than being linked to price levels. In the meantime, similar to previous weeks, the HDG export offers of Turkey have remained almost at the same price levels as in the domestic market due to poor demand.
 
In the Turkish domestic market, RAL 9002 0.5 mm 100 gr/m² zinc coated PPGI prices are still standing at $930-950/mt ex-works, exclusive of 18 percent VAT.