Market sources indicate that stainless steel demand in European markets has remained poor, while prices are trending downward. European traders have reduced their local stainless steel prices, following European mills' price cuts for alloy surcharges for October. Meanwhile, certain factors such as oversupply and lower-priced Far Eastern import offers are still putting pressure on prices in European stainless steel markets.
Even though European second quality stainless steel materials have been preferred in Turkey due to their shorter lead times, the appreciation of the euro against the US dollar during September has eroded the advantage which ex-Europe second quality materials have had in Turkey. Ex-Europe offers to Turkey for second quality 304/2B stainless steel cold rolled coil (CRC) and cold rolled sheet (CRS) of 2.0 mm thickness are ranging at €1,750-1,850/mt ($2,363-2,498/mt) CIF.
€1= $1.35
Demand on weak side in European stainless steel market
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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