Industry News

Taiwan's stainless steel manufacturing cost increases

Views : 135
Update time : 2024-04-22 19:07:43
LME nickel prices remained at a high level these days. Taiwanese dollars also depreciated sharply against the US dollar, which pushed the purchasing price to go up from stainless steel mills and coil centers.

In addition, Indonesia's Tsingshan hiked the price further by US$60/ton currently. Affected by the above factors, Taiwan's stainless steel mills might be forced to raise the price for May. The price of cold-rolled stainless steel coils in Taiwan has already risen by US$30/ton this week. The demand in the market is expected to improve, and the new price for May will be supportive.
Related News
Read More >>
South Africa launches critical minerals strategy, opens new mining law for public comment South Africa launches critical minerals strategy, opens new mining law for public comment
May .22.2025
South Africa launches critical minerals strategy, opens new mining law for public comment
China's iron ore production declines in Jan-Apr China's iron ore production declines in Jan-Apr
May .22.2025
China's iron ore production declines in Jan-Apr
US’ steel coil exports go up in Mar US’ steel coil exports go up in Mar
May .22.2025
US’ steel coil exports go up in Mar
US increases CRC imports in Mar US increases CRC imports in Mar
May .22.2025
US increases CRC imports in Mar