Industry News

Rising stainless steel prices to push up mills’ profits in Q4

Views : 200
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.
Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
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 Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
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? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11