Stainless CRC prices decline in Turkey in line with import offers

The Turkish stainless flat steel market is characterized by weak demand, while local ex-warehouse prices have declined in line with lower import offers. With no significant improvement expected in local stainless flat steel demand, import activities have slowed down and buyers are now restricting their purchases to smaller tonnages with the aim of just meeting their urgent needs. Besides, suppliers other than large-scale distributors and steel service centers are abstaining from increasing their inventory levels.
 
In the Turkish market, prices for Far East origin premium quality 304/2B stainless steel cold rolled coil (CRC) of 2 mm thickness are standing at the price range of $3,000-3,200/mt ex-warehouse, while prices for Far East origin premium quality 430/2B CRC of 2 mm thickness are at $1,600-1,800/mt ex-warehouse. Prices have declined by about $100-200/mt since last week.