Steel News

We strive to let you one step ahead of the market.

Taiwanese stainless steel mills may increase price for Jul

24 Jun 2019 15:05 reported by Claude Tseng

A A A
The price of nickel from the London Metal Exchange (LME) rebounded to nearly US$12,000/ton last week.

Many Taiwanese local customers purchased for inventory and the deal price was increased by NT$1,000~2,000/ton. In addition, the Indonesia Tsingshan raised twice for its export price.

If the nickel price remained at a high price level, distributors might stop offering price and wait for the new price from upstream mills. Taiwanese major upstream stainless steel mills would announce a new price for July end of this week.

It was expected that the mills might raise their prices for July due to the continuous growth in nickel prices.

Back to Steel News

Related News

Turkey's stainless steel coil exports increase in 2019 y-o-y

  • Stainless steel
  • 25 Feb 2020 16:42

China’s stainless steelmakers plan to cut production

  • Stainless steel
  • 25 Feb 2020 13:34

Taiwan’s stainless steel billet imports hit new low in Jan

  • Stainless steel
  • 24 Feb 2020 11:55

Taiwan’s total imports of stainless steel face drop in Jan

  • Stainless steel
  • 21 Feb 2020 13:13

Taiwan’s total exports of stainless steel face drop in Jan

  • Stainless steel
  • 21 Feb 2020 13:13

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,038.00
  • 2,059.50
  • Aluminum
  • 1,671.50
  • 1,696.00
  • Copper
  • 5,657.00
  • 5,679.00
  • Nickel
  • 12,350.00
  • 12,460.00

Learn more

Coil Exchange Center

  • 2B Coil-Mar
  • 2,410
  • 2,270
  • NO1 Coil-Mar
  • 2,380
  • 2,240
  • 2B Coil-Mar
  • 2,410
  • 2,270
  • NO1 Coil-Mar
  • 2,380
  • 2,240

Learn more