[SMM Stainless Steel Flash] Chinese Taiwan's Stainless Steel Prices Reclaim TWD$70,000 Level, Hitting 3-Year High

Published: Apr 14, 2026 09:24

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Chinese Taiwan's stainless steel prices surged recently, with 304 cold-rolled coils reclaiming TWD$70,500/ton, a three-year high, driven by Middle East tensions inflating energy and freight costs. Upstream mills raised April prices by TWD$4,000, bringing the five-month cumulative increase to TWD$19,500. Despite a TWD$17,000 rise over ten months, trading volume remains thin as buyers focus on clearing existing stock. LME nickel holds near US$17,200, chromium eased slightly, while rising molybdenum costs and a weaker Taiwan dollar keep production expenses elevated. Traders maintain firm pricing to protect margins, leaving the market stable but subdued.

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