It is reported that the current LME nickel price continues to rebound up to US$9,700/ton. Taiwan’s Yusco has remained its stainless steel price steady in July, for after three consecutive months decline. Another stainless steel manufacturer, Tang Eng Iron Works also remained its domestic price steady in July, mainly due to the international nickel price rebound.

As LME nickel price continued to rise as well as the main raw material prices also increased and it is expected stainless steel price to rise further next month.