Due to the nickel price fluctuation, Taiwan’s Yieh United Steel Corp. (Yusco) has announced to raise prices again in April.

As a result, the domestic prices are increased by around NT$2,000~4,000/ton. Export price of 300 series stainless steel prices are raised by US$150~250/ton, while export prices of 430 stainless steel will go up another US$300~350/ton.

Tang Eng Iron Works is very likely to follow suit and downstream processers are trying effort to reflect a rise in production costs to their customers.