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Taiwanese stainless steel producers' export orders increase due to order diversions

Due to the Covid-19 restrictions in China, Taiwanese manufacturers have benefited from the effect of reordering.

Taiwanese stainless steel producers' export orders increase due to order diversions

After the lockdown policy was relaxed in China, the epidemic spread and many factory workers were unable to go to work because of the diagnosis. Combined with the improvement in market prices before the production lines of Chinese steelmakers stabilized, Taiwanese mills benefited from the effect of reordering.

In this wave of export boom, downstream manufacturers have also started chasing raw materials, and the volume of orders received by upstream steelmakers has recently increased by 30%. Therefore, upstream producers one after another raised their offers and even compensated for previous price differences.

When we look at previous years, this success of China before the New Year is an abnormal situation both in terms of price and volume. However, downstream companies believe that this is a short-term reordering effect and an abnormal approach.

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