Due to the weak demand in the Turkish hot dip galvanized (HDG) coil market, discounts have been revised again, increasing by $5-10/mt to $15-20/mt depending on order volumes. An increase in discount margins had also been implemented in September and helped demand to improve. However, despite the latest increases in discounts, demand may this time fail to register a recovery because of the approach of the Feast of Sacrifice holiday.
In the Turkish domestic market, current HDG sales prices are as follows:
Product |
Price ($/mt) |
HDG 0.50 mm 100gr/m² |
800-820 |
HDG 1 mm 100gr/m² |
750-770 |
HDG 2 mm 100gr/m² |
740-750 |
The above prices, which may differ depending on product quality, are ex-works, exclude VAT, and are for advance payments.
In the meantime, Turkish HDG export offers for November outputs are ranging at $800-820/mt ex-works. Demand is even more sluggish in the export markets as compared to the local market, while offers particularly from India and China have made competition difficult in Turkey's target markets.
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.