Taiwan’s Yieh United Steel Corp. (Yusco) is expected to raise its stainless steel price list gain in March if nickel prices continue to rise.

Taiwan’s stainless steel mills including Yusco and Tang Eng had just released new prices with a raise of around US$60-160/ton on 26 February.

However, the three month price of nickel on the LME rose by 6.5 percent to US$31,100/ton on 28 February. Buyers are currently adopting a wait-and-see attitude, as they are observing nickel price trends.