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Stainless steel prices in Taiwan drops since February
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The market prices of stainless steel keep tumbling for five months in a row with slack nickel prices.
The Taiwanese stainless steel mills also decline their domestic prices by around NT$1,000~NT$1,500/ton for July.
Most steelmakers indicate the stainless steel price in the third quarter of 2012 would be dull by the low-price dumping from China.
Additionally, the stainless steel price is strongly affected by dropping nickel price on LME, which has been down to US$16150/ton on July 6th. It is expected that the market would be standstill in next few months.
News Date
7/10/2012 2:49:41 PM
reported by
Vince
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