Steel News

We strive to let you one step ahead of the market.

Strong nickel prices support raising South Korea's stainless steel prices

10 Feb 2022 16:30 reported by Ailsa Su

A A A
Continued strength in nickel prices prompted South Korean mills to raise stainless prices. South Korean manufacturers appeared to have raised the prices for March orders due to higher raw materials such as nickel and ferroalloys and a strong Korean won exchange rate.

It was commented that the demand market sentiment is not good this year. At the same time, it was said that the strengthening of nickel prices around mid-January is the only factor driving the market.

POSCO will also raise prices for March orders around next week.

Back to Steel News

Related News

MEPS revises down global stainless steel production forecast for 2022

  • Stainless steel
  • 2 Dec 2022 16:35

China’s stainless steel imports & exports increase in Jan-Oct y-o-y

  • Stainless steel
  • 1 Dec 2022 16:36

Walsin Lihwa tops global leader in stainless steel wire rods and bars after acquiring Italy's CAS

  • Stainless steel
  • 1 Dec 2022 16:25

Walsin Lihwa moderately hikes stainless steel wire rod prices for Dec

  • Stainless steel
  • 30 Nov 2022 16:20

Aperam raises European stainless steel alloy surcharges for Dec

  • Stainless steel
  • 30 Nov 2022 16:14

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,056.00
  • 3,050.00
  • Aluminum
  • 2,430.00
  • 2,459.50
  • Copper
  • 8,216.00
  • 8,250.00
  • Nickel
  • 26,900.00
  • 26,900.00

Learn more

Coil Exchange Center

  • 2B Coil-Jan
  • 2,960
  • 2,820
  • NO1 Coil-Jan
  • 2,930
  • 2,790
  • 2B Coil-Jan
  • 2,960
  • 2,820
  • NO1 Coil-Jan
  • 2,930
  • 2,790

Learn more