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Taiwan’s stainless steel looking forward to demand & prices rebound in Q4

22 Aug 2022 15:39 reported by Joy Liu

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The LME nickel inventory has dropped by roughly 5,800 tons since July. The continued decrease led to a rebound in nickel prices, which will help Taiwan’s stainless steel plants to take more orders and consume their inventories.

In the first half of this year, Taiwan’s stainless steel leading mills performed well. Steel plants such as Tang Eng, Ta Chen, Yeou Yih, and Froch had profits during the period.

According to the analysis, various steel mills were under heavy pressure due to high inventories and weak demand in the third quarter. However, the industry is now looking forward to seeing a recovered steel market with improved demand and rebounded prices in the fourth quarter.

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