On the other hand, according to market sources, prime quality ready stock 304/2B stainless steel CRC offers from Turkey to the export markets have remained unchanged over the past two weeks and are still in the range of $2,550-2,600/mt ex-works. However, prime quality ready stock 304/2B stainless steel CRC offers from China and Taiwan to Turkey's export markets are lower than Turkish offers and are currently in the range of $2,350-2,450/mt CIF. Additionally, ex-Europe prime quality ready stock 304/2B stainless steel CRC offers are now at $2,500/mt ex-works and new deals have been heard at this price level.
The cash and settlement nickel price at the London Metal Exchange (LME) has increased by $1,260/mt since November 13, closing the day at $16,780/mt on December 4. The improving cash and settlement nickel prices have had a positive effect on Turkish stainless steel prices.
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