TURKEY COATED FLAT STEEL: Prices stable on firm demand

Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil, or pre-painted galvanized iron (PPGI), were stable in the week to Friday November 29, with demand strong in the domestic market because of expectations that prices will rise further, sources have told Fastmarkets.

The rise in raw materials costs was the reason for the higher steel prices, they added.

Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $268.32 per tonne on November 28, up from $264.24 per tonne on November 22....


Serife Durmus

November 29, 2019

15:28 GMT