Tag: Tsingshan stainless steel offers
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Taiwan: Rising nickel costs lift stainless steel prices despite weak spot demand
Taiwan’s stainless steel prices moved higher on rising input costs, with 304 CRC rebounding to around TWD $58,500/t ($1,851/t) , up TWD $4,000 ($126) m-o-m, supported by stronger nickel prices and higher offers from Indonesia’s Tsingshan. LME nickel prices neared $18,000, a 15-month high. However, spot trading remains sluggish amid limited working days and weak…