Reported 12 months ago
The stainless steel market is showing signs of a turnaround, with the recent stabilization of nickel ore prices and the rebound of stainless steel prices in China. However, Taiwanese manufacturers are still struggling with high inventory and costs, leading to a cautious outlook on the future market. Despite the price hikes in the first quarter due to rising nickel ore prices, the second quarter saw a reversal in nickel prices, forcing stainless steel plants to adjust product prices. Market observers believe that the recent stabilization of nickel prices and production cuts in mainland China could lead to a more positive market outlook, but Taiwanese companies remain vigilant due to high inventory and uncertain demand.
Source: YAHOO