During the past week, demand in the local Turkish pre-painted galvanized (PPGI) coil market has remained sluggish and prices have moved down. As the increases seen ahead of the end-of-Ramadan holiday failed to gain acceptance and as hot rolled coil prices softened slightly right before the holidays, Turkish domestic PPGI prices have decreased by an average of $30/mt week on week.
Accordingly, RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI prices have decreased to $950-1,005/mt, the price of RAL 9002 0.5 mm has moved down to $800-830/mt and the price of 1 mm RAL 9002 has declined to $690-745/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.
Meanwhile, demand for Turkish PPGI in the export markets has remained weak and quotations have declined by $15/mt week on week to $785-805/mt FOB in line with domestic prices.