Yieh United Steel Corp. (Yusco), a leading stainless steel mill in Taiwan, reported its revenue amounted to around NT$5.14 billion in March, rising by 9.78% from the same time last year. Meanwhile, the company’s revenue hit a 12-month high, increasing by 3.3% from the last month.

Its first-quarter revenue rose 28.1% on-year to NT$14.98 billion.

With the soaring nickel price and higher production costs, the stainless steel market outlook remained optimistic.