Local and import stainless steel prices in Turkey are expected to remain stable for a while under the above circumstances. Far Eastern offers to Turkey for prime quality ready stock 304/2B stainless steel cold rolled coil (CRC) of 2.0 mm thickness are ranging at $2,300-2,450/mt CIF Istanbul, while offers for new production are at $2,500/mt CIF for October shipments. In the meantime, European offers to Turkey for second quality ready stock materials can be found at the range of $2,200-2,300/mt CIF. Meanwhile, offers in the local market for 304/2B stainless steel CRC of 2.0 mm thickness are at $2,600-2,800/mt ex-warehouse.
Activity in the Turkish domestic stainless steel market may improve in the September-October period, while demand will likely be weaker towards the end of the year as buyers seek to avoid high inventory levels.
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.