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Taiwan's stainless transaction prices hike due to high nickel price

30 Apr 2007 17:58 reported by Michele

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Although nickel price has reached a new high of US$50,000/mt since last week, orders from steel mills are still placed for releasing constant demands as well as to avoid later risk of higher nickel price.

Taiwan’s Yusco announced the new adjusted price for May’s sales on April 26. For 300 series CR & HR and 316L sheets & plates, the domestic prices are raised by US$308/mt and US$400/mt respectively. Meanwhile, the export price for HR & CR coils has been increased by US$300/mt to US$350/mt .

The nickel remains a stably high at around US$50,000/mt recently which brings up the market price in Taiwan. In this week, the price for stainless NO.1 and 2B products will be fully adjusted to response nickel cost.

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