Tang Eng Iron Works Co., Ltd., one of the main stainless steel manufacturers in Taiwan, announced to raise its new stainless steel prices for July today (June 30), the same as the price increase of Yieh United Steel Corp. (Yusco), another main stainless steel producer in Taiwan.

According to Tang Eng’s price announcement, the domestic price of 304 cold-rolled and hot-rolled stainless steel was up by NT$2,000/ton, and the surcharge of 316L was raised by NT$5,000/ton.

In terms of export, the base price of 304 cold-rolled and hot-rolled stainless steel was hiked by US$70-100/ton, depending on different areas.