Steel News

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

Stainless steel prices to surge again in June on higher nickel cost

23 May 2007 17:23 reported by Alex Tsai

A A A
Taiwan's Yusco is expected to raise stainless steel HR/CR prices again in June in order to offset the hiked nickel price due to its tight supply and strong demand.

Nickel price has been quoted as US$54,100/ton recently which caused pressure on upstream stainless steel mills.

Global biggest stainless steel mills including South Korean Posco and China's Tisco have announced to raise their prices for June.

Taiwan's Tang Eng said that it seems inevitable for an increase of NT$6,000 in June for the domestic market, if nickel price still stays at high levels.

To offset recent sharp increase of nickel, Outokumpu, Lisco and Posco have announced to produce ferritic stainless steel products.

Back to Steel News

Related News

Taiwan's Tang Eng plans to cut production by 20% in Apr

  • Stainless steel
  • 2 Apr 2020 13:14

LME nickel price continues to hike

  • Stainless steel
  • 1 Apr 2020 16:43

LME nickel price sharply rebounds on Mar 31

  • Stainless steel
  • 1 Apr 2020 14:51

European stainless steel prices have short-term bounce

  • Stainless steel
  • 31 Mar 2020 16:31

Taiwan’s Tang Eng plans to reduce stainless steel production due to coronavirus epidemic

  • Stainless steel
  • 31 Mar 2020 11:53

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 1,843.00
  • 1,853.00
  • Aluminum
  • 1,463.50
  • 1,498.00
  • Copper
  • 4,772.00
  • 4,787.00
  • Nickel
  • 11,220.00
  • 11,288.00

Learn more

Coil Exchange Center

  • 2B Coil-May
  • 2,200
  • 2,060
  • NO1 Coil-May
  • 2,170
  • 2,030
  • 2B Coil-May
  • 2,200
  • 2,060
  • NO1 Coil-May
  • 2,170
  • 2,030

Learn more