Stainless steel prices in the Turkish domestic market have moved up against the backdrop of increased nickel prices and the upward trend of import stainless steel prices.
Accordingly, offers in the local market for prime quality 304/2B stainless steel cold rolled coil (CRC) of 2.0 mm thickness have increased by $150/mt in the past two weeks to $2,700-2,800/mt ex-warehouse, while offers for prime quality 430/2B stainless steel CRC of 2.0 mm thickness are at $1,550-1,650/mt ex-warehouse, rising by $50/mt over the same period. Inventories in the domestic market are on the high side at the moment.