Rising stainless steel prices to push up mills’ profits in Q4
Views : 201
Update time : 2021-11-04 17:02:30
The international nickel prices are still fluctuating between US$19,000 and US$20,000/ton. Taiwan’s main upstream suppliers, such as Yieh United Steel Corp. (Yusco) and Tang Eng Iron Works Co., Ltd., raised their prices for November.
Under the rising prices and stable supply, the upstream suppliers and downstream buyers were expected to have higher revenue and profit in the fourth quarter.
Despite slightly fluctuated nickel prices this week, the unstable supply and high prices of other raw materials used in stainless steel production have continued to push up stainless steel prices.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
