9,031.82 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.51 USD USD USD
36.34 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.50 TRY Interest Interest
72.97 USD Fossil Oil Fossil Oil
31.21 USD Silver Silver
31.21 USD Copper Copper
99.42 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,945.15 TRY Gold (gr) Gold (gr)

Indonesian company Tsingshan Stainless raises prices in Taiwan market

PT Indonesia Tsingshan Stainless raised stainless steel prices for the Taiwan market.

Indonesian company Tsingshan Stainless raises prices in Taiwan market

Taiwan's stainless steel producers announced their prices for October last week, but Tsingshan Stainless had already raised its prices before the official rate announcement and implemented another increase this week.

Despite weak market conditions, the company continued to raise prices amid rising raw material and steel costs. Factors such as interest rate cuts in the US and favorable fiscal policies in China led to a recovery in LME nickel prices and this upward trend continued. However, many Taiwanese mills and downstream producers remain cautious, believing that this price increase may not translate into higher offers on their side. 

Some industry participants expressed uncertainty over whether this bullish momentum will continue after the Chinese holiday. Although prices in both upstream and downstream sectors have reached relatively low levels, Tsingshan Stainless' price hike provided some support to the overall market trend. There is also optimism that order volumes will pick up in the near future.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

A new era begins in the Indian steel sector

Thursday, November 21, 2024

China's HRC, CRC and rebar production decreased y-o-y in October

Thursday, November 21, 2024

HRC prices decline from China to Middle East

Thursday, November 21, 2024

EU construction decreased in september

Thursday, November 21, 2024

Iranian analyst Keyvan Jafari Tehrani shared the effects of world politics on the steel industry

Thursday, November 21, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now