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Taiwan’s upstream stainless steel mills expected to raise prices for Aug

22 Jul 2021 15:58 reported by Joy Liu

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Taiwan’s upstream stainless steel mills are going to announce their new prices for August. According to downstream distributors, as the international nickel price has remained stable at the US$18,000/ton level in July and the price of ferrochrome has hiked due to South African riots, coupled with steady export orders, it was expected that the prices will be raised for August.

The prices of steel were mainly supported by raw materials and demand. Not only the strong prices of international raw materials, but the continuously increasing export prices of Indonesia's Tsingshan also pushed up production costs for steel mills. Therefore, the new prices of stainless steel for August had high possibilities to be hiked.

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