Over the past week, domestic stainless steel prices in Turkey have remained unchanged. Turkish producers’ prices of 304 grade 2B stainless steel CRC are still at $2,400-2,500/mt ex-works and their prices of 430 grade 2B stainless steel CRC are still standing at $1,400-1,500/mt ex-works, both indicating sideways movement week on week.
Meanwhile, Turkish traders’ prices of 304 grade 2B stainless steel CRC are still at $2,450-2,550/mt ex-works and their prices of 430 grade 2B stainless steel CRC are standing at $1,500-1,600/mt ex-works, remaining stable as compared to the previous week. According to market sources, demand for stainless steel in Turkey is fragile, due to the depreciation of the Turkish lira against the US dollar and the volatility of the exchange rate.