According to sources in the stainless steel market, decreasing nickel prices have been exerting downward pressure on Turkish stainless steel export offers. Turkish offers for prime quality ready stock 304/2B stainless steel CRC of 2.0 mm thickness to Europe are currently in the range of $2,750-2,800/mt ex-works. However, declining nickel prices have raised the concerns of buyers in the CIS, the Middle Eastern and North African markets and their counter bids are much lower than the current offer levels. Therefore, ex-Turkey stainless steel offers to the regions in question are in the range of $2,450-2,550/mt ex-works.
Regarding nickel prices, the cash and settlement price at the London Metal Exchange (LME), which was at $18,433/mt on September 2, has continued its declining trend over the past month, falling by a total of $2,578/mt. The LME nickel price closed at $15,585/mt on October 1.
Declining nickel prices impact Turkish stainless steel export offers
Marketplace Offers
Hot Drawn Stainless Plate
Thickness
2 - 6 mm
Width
1,000 - 1,500 mm
Length
2,000 - 6,000 mm
Tedarikçi
MAIAK-M
Cold Drawn Stainless Plate
Thickness
0.5 - 3 mm
Width
1,000 - 1,250 mm
Length
2,000 - 2,500 mm
Tedarikçi
MAIAK-M
Hot Drawn Stainless Coil
Thickness
0.45 - 1.45 mm
Width
0 mm
Coil
R
Tedarikçi
SAMBHV SPONGE POWER LIMITED
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