Taiwan's stainless steel HRC imports & price rise for 2 months
15 Sep 2020 15:31 reported by Claude Tseng
Taiwan's stainless steel hot-rolled coil imports reached 84,000 tons in August, and the import price was approaching NT$46,000/ton. The import volume and price rose for two consecutive months.
At the same time, the export volume decreased, and the export price was showing a steady trend after hitting the lowest level this year.
Stainless steel hot-rolled coil imports reached around 113,400 tons in April, which was the largest import volume this year. In August, it reached roughly 84,100 tons, a 31.4% increase from July, which was the second consecutive month of increase.
In terms of exports, Taiwan's stainless steel hot-rolled coil exports amounted to roughly 6,900 tons, the new low volume this year. After reaching 9,800 tons in July, the figure came to roughly 8,800 tons in August, down by 10.2% month on month.
It was expected that the demand for stainless steel hot-rolled coils will be improved and the price can remain steady in the market.
Back to Steel News