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Taiwan’s Mayer Steel Pipe price hikes on climbing nickel prices

13 May 2021 15:15 reported by Joy Liu

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Mayer Steel Pipe Corporation, one of the steel pipe manufacturers in Taiwan, announced that its price of stainless steel pipes for May was hiked by 10%, that of galvanized steel pipes was up by 8%, and carbon steel pipes’ price was raised by 6%.

Due to the continuous price increase of nickel, the main raw material for stainless steel making, rising shipping costs, and China's cancellation of steel export tax rebates, the demand for stainless steel was expected to shift to foreign countries except for China, which will boost Taiwan’s stainless steel product prices to rise.

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