According to the high nickel price in the world, the current nickel price stayed in a high class with around US$20,000/ton, benefited by the increasing stainless steel demand from the market.

From the view of some of the market participants, the Taiwanese domestic demand for stainless steel was quite strong recently, which might stimulate the operating profit of Yieh United Steel Corp. (Yusco) and Tang Eng Iron Works Co., Ltd., which are the top two leading stainless steel upstream suppliers in Taiwan.