Yieh United Steel Corp. (Yusco), a leading stainless steel mill in Taiwan, announced its new prices for February yesterday (January 25).

According to the price adjustment, the price of 304 cold-rolled and hot-rolled was hiked by NT$5,000/ton, that of 430 cold-rolled and hot-rolled was raised by NT$500/ton, and the surcharge of 316L was also up by NT$2,000/ton.

In terms of export prices, 304 products will be subject to a price hike of US$200/ton, and the prices of both 430 and 316L were raised by US$50/ton, respectively.

Yusco said that due to higher prices of nickel and molybdenum and expected hikes in ferrochrome, the company decided to raise its price for February, while the adjustment only reflected a part of increases in raw materials costs after considering the export restrictions being faced by downstream buyers and the competitiveness among the industry.