10,082.10 TRY BIST 100 BIST 100
35.83 USD USD USD
4.97 CNY CNY CNY
37.21 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
38.09 TRY Interest Interest
77.25 USD Fossil Oil Fossil Oil
31.42 USD Silver Silver
4.30 USD Copper Copper
105.78 USD Iron Ore Iron Ore
339.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,223.56 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

Dr. Keyvan Jafari Tehrani discusses the challenges and future of Iran's mineral exports

Sunday, February 2, 2025

Syria's reconstruction is an opportunity for Türkiye's steel industry

Sunday, February 2, 2025

Inflation expectations in Türkiye decreased in January

Tuesday, January 28, 2025

Türkiye's steel production over the last 10 years!

Tuesday, January 28, 2025

Withholding tax on deposits increased to 15%!

Sunday, February 2, 2025
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