Turkish prices for hot-dipped galvanized coil (HDG) decreased over the week ended Friday July 5, with demand reported to be weak in both the local and export markets.
Export demand had initially improved after the United States decided on May 17 to reduce its tariff on Turkish steel imports to 25% from 50%, but then declined again because of Turkish producers' high prices.Domestic pricesDemand in the country's local market was weak due to the seasonal summer slowdown.One producer in northern Turkey was offering 0.5mm...