Industry News

Taiwan’s stainless steel mills may increase prices for Nov

Views : 181
Update time : 2022-10-26 16:45:58
LME nickel price rebounded to US$22,000/ton recently. China's Tsingshan Holding Group increased its stainless steel prices by CNY 300-800/ton yesterday (October 25). However, the nickel stock fell to 52,908 tons. Affected by the above, China's market price hiked.

Taiwan's leading stainless steel upstream manufacturers will announce new prices for November end of this month. According to the above factors, it was expected that Taiwan's stainless steel mills might raise their new prices by about NT$3,000/ton for November.

However, the demand is weak now and customers didn't have obvious purchases. If the price remained high in November, it might make the demand worse. The stainless steel price might be supported only when the nickel price reached NT$25,000/ton.
Related News
Read More >>
FORNNAX reaches new heights with groundbreaking ceremony for one of the largest manufacturing facility FORNNAX reaches new heights with groundbreaking ceremony for one of the largest manufacturing facility
Mar .07.2025
FORNNAX reaches new heights with groundbreaking ceremony for one of the largest manufacturing facility
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
Mar .07.2025
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
Efficient power transmission with Diamond Power Infrastructure’s AL 59 wire rods Efficient power transmission with Diamond Power Infrastructure’s AL 59 wire rods
Mar .07.2025
Efficient power transmission with Diamond Power Infrastructure’s AL 59 wire rods
Here’s what GIADEC’s new CEO thinks about Ghana’s integrated aluminium industry and the impact of the bauxite export ban Here’s what GIADEC’s new CEO thinks about Ghana’s integrated aluminium industry and the impact of the bauxite export ban
Mar .07.2025
Here’s what GIADEC’s new CEO thinks about Ghana’s integrated aluminium industry and the impact of the bauxite export ban