It was reported that stainless steel market remained weak in Turkey because nickel prices are fluctuated.
Although Ramadan and presidential election was finished, Turkey’s stainless steel buyers are taking a wait and see attitudes.
Analysts said that the reason is that stainless steel prices are not so clear. In the beginning of July, LME nickel prices were USD 18,280 per tonne but on July 12, the prices are increased to USD 18,280 per tonne.
It makes traders keep the prices lowers to increase filled quantity instead of profit-orientation.
Zhejiang Yaang Pipe Industry Co., Limited (www.nctv.net)