Nickel prices in the London Metal Exchange (LME) have reached the level of $17,985/mt for cash settlements as of yesterday, April 17, maintaining its uptrend since last week, after reaching $17,400/mt last Friday.
In line with the upward movement of nickel prices, Chinese steel producers TISCO and Baosteel have announced increases in their 300 series stainless steel prices. Moreover, Chinese domestic 304 series stainless steel prices have also indicated upticks in the past week.
On the other hand, import offers from the Far East to Turkey for ready stock prime quality 304/2B stainless steel cold rolled coil (CRC) of 2.0 mm thickness have remained unchanged since last week at $2,500-2,600/mt CIF. Market sources state that stainless steel demand in Turkey lacks robustness, though prices may continue to rise in the weeks to come in line with higher nickel prices.
Higher nickel prices continue to bring up stainless steel prices
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
Similar articles
Turkey’s Sarıtaş places major equipment order from Andritz for stainless steel investment
15 May | Steel News
PASID: Uncertainty persists in Turkish stainless segment, results of AD probe to bring clarity
15 May | Steel News