Turkish PPGI prices stable

During the past week, demand in the local Turkish pre-painted galvanized (PPGI) coil market has remained at low levels, while prices in the market have remained stable in the same period. Buyers in the local Turkish PPGI market are still avoiding purchases except for their immediate needs against the backdrop of the ongoing political and economic uncertainties in Turkey. Turkish mills' local prices for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI are at $930-985/mt, while their offers for RAL 9002 0.5 mm are at $780-810/mt and prices for 1 mm RAL 9002 are at $670-725/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.
 
Demand for Turkish PPGI in the US and in the European market is currently at medium levels. Despite the weakness of domestic demand, Turkish PPGI producers are unwilling to reduce their PPGI prices for their domestic and export markets amid the revival of demand in the export markets. Currently, Turkish producers' PPGI offer prices for the export markets are still at $750-780/mt FOB.