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Asia steelworks to hike stainless steel price for April

20 Mar 2007 13:09 reported by Hunter Deng

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After the nickel cash price exceeded US$50,000/mt last Friday, the future nickel price is going to approach US$50,000/mt.

As a result, the stainless steel prices are pushed up once again.

Japan and South Korea stainless producers respectively announced to increase April prices by US$340-400/mt.

It is said that Chinese steel makers intend to boost stainless steel prices by RMB3,000-4,000/mt.

Similarly, upstream mills in Taiwan decided to increase their price as well, up to approximately US$453.04/mt.

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