Stainless Steel Me

Two of the stainless steel giants in the Far East market Yusco of Taiwan and Posco of South Korea announce increased stainless steel prices due to rising costs and demand more details below:-

“YUSCO announced to adjust up the stainless steel prices again, and international nickel price has climbed to US$20,000 per ton, up US$3,000 per ton than July.

YUSCO increased 300 series stainless flat products’ prices by NT$10,000 per ton, increasing 10% than that of the beginning of August. The company’s 300 series products’ export quotation rose by US$320-600 per ton, 400 series’s offer up US$60-80 per ton.”

“POSCO announced to adjusted up the CR stainless steel flat products to U.S.$150-200 per ton due to the nickel price rising and the strong demand.

Meanwhile, the company’s export of the stainless steel products in Q2 reached 308,000tons, up 27.8% over Q1.

The company expected that owing to the continuous increasement of nickel price and the tight supply of raw materials, such as chromium, and ect., the stainless steel products’ price will continue to rise.”