International nickel prices have rebounded strongly recently, with a weekly increase of 5.6% in the London Metal Exchange (LME) nickel futures, which is expected to drive up stainless steel prices and ease the operating pressure of upstream manufacturers Yieh United Steel Corp. (Yusco) and Tang Eng Iron Works (Tang Eng).

Nickel is the main raw material of stainless steel, accounting for more than 50% of the cost, and the rebound in nickel prices is beneficial to the stainless steel market, said a stainless steel mill’s leader.

Yusco said the company will continue to innovate in technology. It has added the country's first continuous mirror 8K polishing line to improve customer efficiency and reduce costs. Yusco is the only stainless steel plant in Taiwan that has integrated operations from steelmaking to precision processing and has also expanded into carbon steel.

The company's newly launched precision surface processing products will be used in multiple fields. In addition, its environmentally friendly electric furnace steelmaking process produces green steel with high recycling materials and low carbon emissions, helping customers supply low-carbon products worldwide.