Taiwan’s Yieh United Steel (Yusco) has raised export prices by $80-180/mt while keeping domestic prices unchanged for September deliveries.
For domestic sales, 304, 430 and 316L stainless steel plate prices have been kept flat while for exports prices are hiked by $80-180/mt, depending on regions.
The COVID-19 pandemic coupled with the ‘chaotic’ shipping market has led to increased costs which the company has decided to absorb to maintain constant supply for downstream consumers. Yusco aims to expand its domestic and overseas market share.
Taiwan headquartered Walsin Lihua also announced a hike for SS steel disk prices. Domestic prices of 304, 200 and 400 series have been increased by $108/mt, while offers for exports were hiked by $120-150/mt, depending on regions.
Walsin Lihua stated raw material and freight cost have increased as a result the European and American steel mills are offering at higher prices. Major US manufacturers have raised alloy prices and base prices by approximately US$200/mt.