Yelian stainless prices opened flat and low in September, ending four consecutive declines
Yelian, a leading stainless steel manufacturer in Taiwan, opened the price for September on the 30th, showing a flat and low price trend. Except for the 430 series and 316L alloy steel series products, which still fell by NT$1,000-2,000 per metric ton, but the decline narrowed, the 304 series The main stainless steel products were flat for the first time after falling for four consecutive months.
For the price set by Yelian this time, the market expects another major board manufacturer, Tang Rong, and stainless steel pan yuan manufacturers Huaxin and Yexing, are expected to open the price trend in September on the 31st to be close to Yelian. The flat and low disk trend opened.
According to Yelian’s opening decision on the 30th, in terms of domestic prices, 304 stainless steel products remained flat, 430 stainless steel products fell by NT$2,000 per metric ton, and the attached price of 316L products fell by NT$1,000 per metric ton. The export price segment, including 304 and 430 stainless steel products, remained flat.
Yelian said that the price of raw materials has been stable recently, and there is an upward trend. The price of stainless steel in major markets, with the reduction of production by steel mills and the adjustment of inventory of downstream customers, the supply and demand have gradually returned to stability; and although global inflation affects end demand, it is affected by extreme weather. And the impact of the Russian-Ukrainian war, energy, and raw material prices may be pushed up again in the future.
Yelian pointed out that due to the depreciation of the New Taiwan dollar, the overall procurement cost of raw materials has recently increased, which has increased the production cost of steel mills. The prices of some domestic and foreign products will be adjusted appropriately.
As for the results of the opening and closing of Yelian 304 series products, most downstream manufacturers believe that it is not in line with expectations. Because the current market demand is still very poor, they should revise the price, which is conducive to downstream orders.