News Room - Steel Industry

Posted on 28 Apr 2010

Taiwan’s stainless steel price to go up further in May

Yieh United Steel Corp. (Yusco) will issue the new price for May on 29th, April and it is estimated that Yusco will lift the stainless steel price further.

 

Because the average price of nickel on the LME has increased by US$2,500/ton, market participants expected that the mills would lift the price by NT$6,000-7,000/ton.

 

With the high nickel price and increasing chrome price, the mills will probably keep increasing the stainless steel price.

 

In addition, other Asian stainless steel mills in South Korea and China are all increasing the price to reflect the high raw material cost as much as possible.