Scrap Metal Prices

Taiwan’s Yieh United Steel Corp. (Yusco) and Tang Eng Iron Works have increased domestic 304 HRC and CRC stainless steel prices by TW$2,500/ton for August.

The price hike is mainly because of higher nickel price and improving demand, according to market participants..

Stainless steel prices are likely to be raised again for the second half of August, if nickel price continues to rise.

News Source www.yieh.com