Taiwan's stainless steel exports increased

In January, exports increased by over 18.1% year-on-year, with China, Hong Kong, ASEAN countries, and the US being the most important trading partners. Particularly, exports to the US surged by nearly 57%.

The export trend is reflected in reports from all major Taiwanese stainless steel producers announcing price increases for February shortly before the start of the Chinese New Year and the Lunar New Year celebrations.

Additionally, it is noted that most producers in the market have already filled their order books well and are planning further price increases to cover higher costs.