Taiwan's stainless mills raise list prices for Feb sales

Major stainless steel producers in Taiwan have decided to raise their list prices of 300-series stainless steel for local sales in February, citing the increased production costs and market expectations for recovery in stainless demand, a local market source said.

Yieh United Steel Corp (Yusco), the largest stainless steel producer in Taiwan and headquartered in Kaohsiung in South Taiwan, has hiked its list prices of 304-grade hot-rolled and cold-rolled stainless products by TWD 1,000/tonne ($30/t) for transactions in February, while the prices of its 430-grade stainless products remain stable