China has raised export tariffs on ferrochrome since August 1 from 20% to 40%. Market participants are concerning whether it will affect Taiwan’s stainless steel industry or not.

Regarding this issue, I-Shou Lin, founder of E United Group, said that despite the tight supply and fluctuating prices of raw materials caused by China’s restriction on ferrochrome exports, Taiwan’s stainless steel domestic steel mills are unlikely to go so far as to face the shortage.

However, if the cost of raw materials increases, Yieh United Steel Corp. (Yusco) can only moderately raise prices to reflect the hike in production costs.