In the local Turkish market the sales price of imported 304 series 2 mm stainless steel bar is at $3.3-3.5/kg + 18 percent VAT, while Indian origin 316 series stainless steel bar is at $6.5-6.8/kg + 18 percent VAT in the same market.
Indian production stainless steel bar prices have continued to maintain their levels in the local Indian market, even though demand in this market is low. Thus, Indian origin stainless steel bar prices in Turkey have continued to move on a flat trend, which has prevented prices from decreasing significantly in the Turkish domestic market, in spite of its weak demand levels.