According to the announcement from Tang Eng Iron Works Co., Ltd, the second-largest stainless steelmaker in Taiwan, it would increase its stainless steel price for July.

After the price adjustment, 300 series hot-rolled and cold-rolled coil both increased by NT$1,000/ton, and the 316 series products were remained flat this time. As for the export price, it was raised by US$30/ton, as same as Yusco (Yieh United Steel Corp, the largest stainless steelmaker in Taiwan).

The main reason for Tang Eng Iron Works Co., Ltd, to increase its stainless steel prices was because of the strong nickel prices in the world, and it was also the third consecutive month for Tang Eng to increase its stainless steel prices.