[SMM brief comment] the market pattern of stainless steel in Taiwan exclusive agent of Huaxin Li Hua Cheng Qingshan may change.

SMM5 March 28: on May 25, Qingshan Group of Indonesia issued a letter of notice on sales Cooperation between Qingshan Indonesia and Huaxin Lihua Co., Ltd., which shows that the two sides have reached a cooperation intention in stainless steel sales business in order to meet the needs of business development and to provide better service to customers in Taiwan.

Since May 1, 2020, Qingshan Indonesia has authorized Huaxin Lihua to exclusively sell stainless steel products produced by Qingshan Indonesia, including but not limited to stainless steel flat billet, square billet, black skin, white skin and so on. the agency period is from May 1, 2020 to April 30, 2023 for a period of three years.

According to SMM, Taiwan imports as much as 500000 tons of stainless steel from Castle Peak in Indonesia every year, with a total amount of more than NT $30 billion, mainly including Tanlian, Huaxin Lihua, Tang Rong, and ASEAN. Castle Peak informed users that from now on, Taiwan's stainless steel business fully entrusts Huaxin Lihua's exclusive agent, that is to say, in the future, steel mills including Lian, Tang Rong and other steel mills have to buy materials from Qingshan through Huaxin Lihua.

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