Industry News

Nickel price touches 11-year high, Taiwan’s upstream stainless steel mills benefit

Views : 225
Update time : 2022-02-24 18:05:53
According to the market information, the nickel price came to nearly US$25,000/ton this week, which was a nearly 11-year high.

The Ukraine-Russia crisis was the main factor to push the raw material price skyrocketing in these few days, and which has also stimulated the market demand of stainless steel.

From the forecast by some of the market participants, the strong nickel price might drive profit of the upstream stainless steel mills, such as Yieh United Steel Corp. (Yusco) and Tang Eng Iron Works Co., Ltd.

 

Related News
Read More >>
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Apr .29.2025
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Brazil's steel imports may break Mar record in Apr Brazil's steel imports may break Mar record in Apr
Apr .29.2025
Brazil's steel imports may break Mar record in Apr
Nickel prices surge as LME inventories decline & US-China trade tensions ease Nickel prices surge as LME inventories decline & US-China trade tensions ease
Apr .29.2025
Nickel prices surge as LME inventories decline & US-China trade tensions ease
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics
Apr .29.2025
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics