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Taiwan’s stainless steel market expected to improve in H2 2020

3 Jun 2020 13:32 reported by Joy Liu

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Despite an overall weak demand for stainless steel in the market, Taiwan’s stainless steel upstream suppliers’ prices and market prices both rose gradually. The market condition was expected to become better in the second half of this year than that in the first half since the global COVID-19 epidemic turned better and the supply chain resumed little by little.

The stainless steel prices have gradually stabilized in the second quarter. With the continuous increase in Taiwan’s stainless steel upstream suppliers’ prices, market participants were optimistic about the current market condition since the global industries resumed operation continuously.

Therefore, the upstream and downstream supply chains were expected to stabilize if the epidemic could be controlled well, and the overall performance of the stainless steel market will be better in the second half of this year.

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