Weak demand in Turkish HDG market ahead of Ramadan holiday

Wednesday, 23 July 2014 16:22:10 (GMT+3)   |   Istanbul
       

Demand has remained weak in the local Turkish HDG market ahead of the Ramadan holiday, but is expected to rise slightly after the holiday, according to market sources.

In the Turkish domestic market, HDG sales prices are as follows:

Product

Price ($/mt)

HDG   0.50 mm  100gr/m²

790-810

HDG   1 mm  100gr/m²

740-760

HDG   2 mm  100gr/m²

725-730

The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments. 

On the other hand, demand for Turkish HDG exports has slowed down amid approaching overhaul works on the downstream side in the export markets and also due to the lull in export demand during the summer season. Meanwhile, July production Turkish HDG export prices have remained unchanged since last week at $775-790/mt FOB.

Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.   


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