According to Taiwan media reports on February 27, 202, affected by the rebound in the prices of stainless steel raw materials such as nickel pig iron and ferrochrome, and at the same time, the United States canceled the tariff exemption policy for imported steel and aluminum from specific countries, this move is conducive to steel companies to expand the US market.
Inspired by these factors, Taiwan’s large stainless steel plate companies, Ye Lian and Tang Rong, as well as large stainless steel plate companies Huaxin and Ye Xing have announced that they will increase the price of 300 series stainless steel products in March by NT$1,000 per metric ton, and the prices of other products remain unchanged; in addition, Ye Xing also increased the price of carbon steel plate products by NT$500 per metric ton.
Ye Lian: Market competition and cost double push
Ye Lian said that although the United States imposes a 25% tariff on imported steel and aluminum products, it has also canceled the original steel and aluminum tariff exemption quota for specific countries, which allows global manufacturers exporting to the US market to compete under the same conditions, which is conducive to export companies to expand the US market. Moreover, the prices of upstream raw materials such as nickel pig iron and ferrochrome have rebounded recently, and the price of scrap stainless steel is also high, resulting in high production costs for steel companies.
Based on a comprehensive consideration of the overall market and costs, Ye Lian decided to increase the product price of 304 stainless steel by NT$1,000 per ton in March on the basis of the same output and price as the previous month, and the prices of other products such as 430 and 316L remained unchanged.
Huaxin: Transfer order opportunities and cost-driven price adjustments
Huaxin pointed out that the United States is about to implement new tariff measures and cancel the exemption qualifications of some countries. Taiwan, China has the opportunity to undertake transfer order business. In addition, the conflict between Russia and Ukraine has eased, and it is expected that post-war reconstruction will support global steel prices.
Due to the recent increase in the price of nickel pig iron (NPI) raw materials, in order to reasonably reflect the increased production costs of steel companies, Huaxin decided to make moderate adjustments to the price of Panyuan in March, among which the 300 series products were increased by NT$1,000 per metric ton; the prices of 200 series and 400 series products remained unchanged.
Tang Rong: Targeted increase in the price of 304 products
Tang Rong said that in terms of the company’s product sales prices in March, 304 cold-rolled and hot-rolled products were increased by NT$1,000 per metric ton; the price of 316L products remained unchanged.
Yexing: Comprehensive factors prompted price adjustments in multiple categories
Yexing said that the United States is about to implement a new tariff policy, and the Russian-Ukrainian war is expected to end, which is expected to bring post-war reconstruction needs.
In addition to the recent rise in raw material prices, taking all these factors into consideration, it was decided to increase the price of carbon steel coil by NT$500 per metric ton in March; as for the price of stainless steel coil, the 300 series will be increased by NT$1,000 per metric ton, and the prices of 200 and 400 series products will remain unchanged.
