[SMM Stainless Steel Flash] Chinese Taiwan's Stainless Steel Mills Enjoy Revenue Surge on Firming Prices
Several Chinese Taiwan stainless steel producers reported strong May revenue growth on the back of market recovery and firming prices. Cold-rolled sheet producer Chien Shing led the sector with a revenue surge to NT$238 million, driven by downstream distributors rushing to restock as LME nickel prices strengthened. Ta Chen International posted NT$11.7 billion in May revenue, up 42.5% YoY, supported by expanded local production and strong pricing power at its Texas facility in the high-tariff US market. Stainless steel pipe maker Froch recorded a 37.9% YoY increase to NT$1.19 billion, underpinned by robust demand from domestic semiconductor plant expansions and inventory replenishment in Europe and the US.