On the other hand, according to market sources, prime quality ready stock 304/2B stainless steel CRC offers from Turkey to the export markets have remained unchanged over the past two weeks and are still in the range of $2,550-2,600/mt ex-works. However, prime quality ready stock 304/2B stainless steel CRC offers from China and Taiwan to Turkey have increased by $750/mt over the past week to the range of $2,450-2,500/mt CIF.
The cash and settlement nickel price at the London Metal Exchange (LME) has decreased by $630/mt since December 4, closing the day at $16,150/mt on December 11. The fluctuations recorded in nickel prices in the past week has contributed to the weakening of demand for stainless steel in the domestic market.
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.