Taiwan's stainless steel prices expected to rise in Sep, downstream buyers keep cautious
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Update time : 2023-08-22 15:22:05
Amid the backdrop of the depreciating Taiwanese Dollar and Taiwanese steel manufacturers being impacted by elevated procurement costs of Indonesian materials, which pushed up raw material expenses, stainless steel prices for September were expected to increase further.
Reports suggested the potential increase could range between NT$2,500 and 3,000/ton. In response, downstream stakeholders believed that while a moderate adjustment to reflect costs in the face of overall inflation is reasonable, the price surge should not exceed reasonable limits, an increase within the range of NT$2,000/ton is more acceptable and feasible.
