Indonesia Tsingshan sharply hikes stainless quotes on Jakarta's new nickel ore policy

PT Indonesia Tsingshan Stainless Steel (ITSS), the Indonesian production base of China's Tsingshan Holding Group, raised its export price quotes for stainless steel products by $50/tonne on Wednesday in response to Jakarta's announcement of a new nickel ore pricing policy, Mysteel Global has learned.

This sharp increase – the company's largest in over a month – came just one day after ITSS had urgently suspended all price offers on April 14, following an initial $25/t hike the steelmaker had announced to clients in Taiwan on April 13. ITSS's price hike is directly linked to