Turkish buyers are observed to have restarted price inquiries for domestic stainless steel following the elections on June 24, though demand has failed to reach lively levels.
Turkish stainless steel producers’ domestic prices of 304 grade 2B stainless steel cold rolled coil (CRC) have moved sideways over the past two weeks at $2,800-2,900/mt ex-works, while prices of 430 grade 2B stainless steel CRC have remained stable in the same period at $1,800-1,900/mt ex-works.
Meanwhile, on June 28, global cash nickel prices cash nickel prices at the London Metal Exchange (LME) closed the day at $14,720/mt.