Weaker demand for domestic stainless steel in Turkey

Friday, 12 April 2019 16:51:29 (GMT+3)   |   Istanbul
       

This week, Turkish stainless steel producers have kept their domestic prices stable, with prices of 304 grade 2B stainless steel CRC at $2,400-2,500/mt ex-works and prices of 430 grade 2B stainless steel CRC at $1,400-1,500/mt ex-works. According to market sources, both buyers and sellers are more cautious about concluding new deals due to the ongoing political uncertainties after the local elections and due to the recent sharp depreciation of the Turkish lira against the US dollar. As a result, demand for domestic stainless steel in Turkey has weakened.


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