Industry News

Taiwan’s Yusco & Tang Eng expected to hike prices on high nickel prices

Views : 307
Update time : 2021-01-25 17:22:49
The international nickel price has reached a six-year high recently, coupled with the continuous increases in prices of key raw materials for stainless steel making, such as nickel pig iron, ferrochrome, and scrap, Yieh United Steel Corp. (Yusco) and Tang Eng Iron Works Co., Ltd., two leading stainless steel upstream suppliers in Taiwan, were expected to hike their domestic and export sales prices for February.

According to market participants, the two main upstream stainless steel mills were predicted to raise the prices of 300 series products by an increase of more than NT$5,000/ton, as the stainless steel market prices have been boosted by rising raw materials prices and steel mills’ production costs.
Related News
Read More >>
US dollar weakens amid reports of gradual tariff increases by Trump team US dollar weakens amid reports of gradual tariff increases by Trump team
Jan .15.2025
US dollar weakens amid reports of gradual tariff increases by Trump team
Arrow Minerals accelerating Scoping Study for DSO operation at bauxite project in Guinea Arrow Minerals accelerating Scoping Study for DSO operation at bauxite project in Guinea
Jan .15.2025
Arrow Minerals accelerating Scoping Study for DSO operation at bauxite project in Guinea
HRC price in European market remains stable HRC price in European market remains stable
Jan .15.2025
HRC price in European market remains stable
Stainless steel price in Chinese market recovering Stainless steel price in Chinese market recovering
Jan .15.2025
Stainless steel price in Chinese market recovering