It is observed that demand in the local Turkish stainless steel market has decreased further over the past week. Domestic stainless steel prices are under pressure due to the approaching new year and the falling trend of global stainless steel quotations. On the other hand, Turkish stainless steel producers’ domestic prices of 304 grade 2B stainless steel CRC are still at $2,400-2,500/mt ex-works, while their prices of 430 grade 2B stainless steel CRC are at $1,400-1,500/mt ex-works, both indicating sideways movement as compared to the levels in SteelOrbis’ report published last week.
Additionally, on November 29, global cash nickel prices cash nickel prices at the London Metal Exchange (LME) closed the day at $10,890/mt. Following the decreases in global nickel prices, domestic stainless steel quotations