It is observed that inventories in the local Turkish stainless steel cold rolled coil (CRC) market have remained at high levels during the past week, while prices in the market have moved sideways week on week as buyers have continued to conclude deals only to meet their needs. Accordingly, prices of 2 mm 304 grade 2B stainless steel cold rolled coil (CRC) in Turkey are still at $2,500-2,600/mt ex-works, while prices of 2 mm 430 grade 2B stainless steel CRC are at $1,500-1,600/mt ex-works.
Cash nickel prices at the London Metal Exchange (LME) have continued their fluctuating trend over the past week, while on February 1 LME cash nickel prices closed the day at $13,545/mt.