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Taiwan's 316L Stainless Steel Prices Driven up by Surged Molybdenum Price

Most of Taiwan’s upstream stainless steel mills raised their prices for September. The surcharge of 316L products had been in particular hiked by three months in a row, with a total increase of NT$6,000, due to the surged molybdenum price.

Among them, Yieh United Steel Corp. (Yusco) raised its 316L surcharge by NT$3,500/ton for this month, and the increase in July and August was NT$1,500 and NT$1,000, respectively.

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