Taiwan's stainless steel prices are expected to remain flat for September.
Taiwan's stainless steel prices are expected to stop falling and remain stable in September due to four main reasons.
First, Indonesia may impose a 5% export tariff on nickel pig iron, and Tsingshan Holding Group is negotiating to sell part of its shares in integrated production lines at the Morowali Industrial Park in Indonesia, both of which have an annual capacity of 500,000 tonnes. This is expected to help address the oversupply in Indonesia's ferronickel production and curb price-undercutting competition caused by high production costs in China.
Second, current prices in Taiwan are narrowing the gap with those in Indonesia and China, making domestic downstream buyers in Taiwan more willing to restock.
Third, despite robust demand, buyers who had previously halted imports have begun rebuilding their inventories due to bottomed-out prices and stock levels.
Fourth, the New Taiwan dollar continues to depreciate against the US dollar, raising imported raw material costs for steelmakers.
Diğer Haberler
- Taiwan's stainless steel prices are expected to remain flat for September.
- Outlook on potential challenges facing China's stainless steel industry.
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- Taiwan looks forward to a recovery in stainless steel demand and prices in the fourth quarter.
- China's 300-series stainless steel production is expected to recover in August.
- Stainless steel inventories in China’s trading centers fell last week.
- Turkey’s stainless steel coil imports increased in the first half of the year.
- Stainless steel market expected to recover due to nickel price rebound.
- STSS’s Stainless Steel Precision Foil standard will be implemented in February 2023.
- STSS’s Stainless Steel Precision Foil standard will be implemented in February 2023.
- Outokumpu’s stainless steel deliveries declined in the second quarter.
- Nornickel raised its nickel surplus forecast for 2022 and 2023.
- Taiwan’s E United Group aims to merge Tang Eng Iron Works
- China’s crude stainless steel production declined in the first half of the year.
- Rebound in nickel prices may support steel prices in the short term
- Germany's Klöckner & Co acquired two stainless steel-related companies
- Turkey’s stainless steel imports increased in May.
- US maintains AD order on Chinese stainless steel sheet and strip
- European stainless steel market demand is expected to rebound in September
- India has been importing large quantities of stainless steel from China in recent years
- European stainless steel market slowed supply down on weak demand
- LME nickel price rebounded on June 27 due to the reviving economy in China
- Global crude stainless steel production fell by 3.8% in the first quarter
- LME nickel price rose for 2 consecutive days with lower inventory
- LME nickel price rebounded on June 15 due to better industrial performance in China
- Brazil expands AD investigation on cold-rolled stainless steel sheets from Indonesia
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