Industry News

Taiwan’s stainless steel production costs to rise on higher electricity prices

Views : 147
Update time : 2023-03-23 19:55:33
Taiwan’s Ministry of Economic Affairs announced an increase in electricity prices, effective from April 1. Three domestic major stainless steel mills, Yieh United Steel Corp. (Yusco), Tang Eng Iron Works Co., Ltd., and Walsin Lihwa, produce steel coils by using electric furnaces, which consume a huge amount of electricity. Therefore, the power cost must be increased a lot and will affect products’ prices as well.

It was roughly expected that the production cost per ton of steel will increase by at least NT$600/ton, depending on the company. The increase in costs should be passed on to the product price, but the current weak demand putd steel mills in difficulty.
Related News
Read More >>
Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings
May .29.2025
Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings
NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight
May .29.2025
NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight
GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock
May .29.2025
GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock
Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL
May .29.2025
Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL