[SMM Stainless Steel Flash] Chinese Taiwan's Stainless Steel Prices Expected to Rise on Higher Raw Material Costs

Published: Apr 20, 2026 18:05

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Chinese Taiwan's stainless steel prices are poised for a sixth consecutive monthly increase, driven by persistently high raw material costs, rising international stainless steel prices, and another price hike by Tsingshan in Indonesia. The implementation of Indonesia's new nickel ore benchmark price (HPM) policy on the 15th, alongside China's Q1 GDP growth of 5% beating market expectations, has pushed nickel ore prices higher. Having risen steadily since December last year with a cumulative gain of NT$19,500/ton over five months, Chinese Taiwan's stainless steel prices are widely expected to rise again in May by NT$3,000–4,000/ton.

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