Taiwan’s Yusco may further increase stainless steel price for Dec
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Update time : 2020-11-25 21:34:33
According to the market of stainless steel, the nickel price has reached US$16,000/ton level, which might stimulate the stainless steel price to increase.
By the prediction from the market participants, Yieh United Steel Corp. (YUSCO) might further increase its stainless steel price in December, which would be the second consecutive increasing month.
Moreover, the current market demand in China also showed strong, which pushed the nickel futures’ price increased by nearly 2%, came to US$16,242/ton.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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