Steel News

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

Rising nickel prices support stainless steel prices, Taiwan’s market to rebound in H2 2020

23 Jun 2020 11:12 reported by Joy Liu

A A A
LME nickel prices continued to rebound in June, and the highest point so far was at aboveUS$13,000/ton. Two of the leading stainless steel manufacturers in Taiwan, Yieh United Steel Corp. (Yusco) and Tang Eng Iron Works Co., Ltd., both hiked their stainless steel prices for June.

As the price of nickel, major raw materials for stainless steel making, continued to rise, stainless steel prices will be supported in July accordingly. Besides, the gradual slowdown of the global COVID-19 epidemic will also help to boost the market in the second half of this year.

Separately, Froch Enterprise Co., Ltd., a downstream stainless steel processing plant in Taiwan, said that the rebound in the international nickel prices in the second quarter was expected to improve its operations, and the stainless steel market will be driven as the forecasted slowdown in the epidemic in the second half of the year.

Back to Steel News

Related News

China’s stainless steel crude steel output in week ending Nov 24 decreases w-o-w

  • Stainless steel
  • 29 Nov 2022 17:04

Taiwan’s Yusco announces new stainless steel prices for Dec

  • Stainless steel
  • 29 Nov 2022 15:01

Taiwan’s upstream stainless steel mills expected to raise prices for Dec due to rising nickel prices & inventory replenishment

  • Stainless steel
  • 28 Nov 2022 17:05

Global stainless steel market to grow at CAGR of 9.4% by 2028

  • Stainless steel
  • 24 Nov 2022 16:53

Nickel prices to be supported by decline in LME & SHFE nickel inventories

  • Stainless steel
  • 24 Nov 2022 16:53

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,911.00
  • 2,908.00
  • Aluminum
  • 2,315.00
  • 2,353.00
  • Copper
  • 7,965.00
  • 7,980.00
  • Nickel
  • 25,200.00
  • 25,300.00

Learn more

Coil Exchange Center

  • 2B Coil-Dec
  • 2,960
  • 2,820
  • NO1 Coil-Dec
  • 2,930
  • 2,790
  • 2B Coil-Dec
  • 2,960
  • 2,820
  • NO1 Coil-Dec
  • 2,930
  • 2,790

Learn more