TURKEY COATED FLAT STEEL: Prices keep increasing; demand strong

Domestic Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil (pre-painted galvanized iron or PPGI) continued to increase in the week to November 27, with demand reported to be strong, sources told Fastmarkets.

Coated coil prices increased on strong demand as well as increasing prices for hot-rolled coil (HRC), the base product for coated coil.
Fastmarkets’ weekly price assessment for steel HRC, domestic, exw Turkey was 660-670 per tonne on November 27, rising from $630-640 per tonne on November 20.

Additionally, some coated-coil producers in Turkey had low inventories of HRC so they made limited quantity offers in the last two weeks, sources...

Published

Serife Durmus

November 27, 2020

16:35 GMT

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