On the other hand, according to market sources, offers from Turkey to the export markets for the same stainless product are still in the range of of $2,500-2,550/mt ex-works.
Additionally, Chinese and Taiwanese offers to Turkey for the same stainless product have declined by $100/mt on the upper end since last week to $2,400-2,550/mt CIF.
The cash and settlement nickel price at the London Metal Exchange (LME) has increased by $230/mt since December 18, closing the day at $15,275/mt on December 24. After, Indonesia's, one of the world's biggest suppliers of nickel, ban of all mineral ore exports including the main raw materials of stainless steel, market players believe there might be tightness in nickel supply in 2015, impacting on stainless steel prices negatively.
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