SS coil prices decline in Taiwan

SteelOrbis has been informed that the price of SUS304 stainless steel hot rolled coil of 3-5 mm thickness in the local Taiwanese market is being quoted at NTD 100,500-110,000/mt ($3,087-3,379/mt), including five percent VAT, for early February shipments. On the other hand, the price for SUS304 (2B) stainless steel cold rolled coil of 0.8-1.5 mm thickness is at NTD 120,000-124,000/mt ($3,686-3,809/mt), including five percent VAT, also for early February shipments. The SS HRC prices indicate a decline of NTD 5,000-9,500/mt ($154-293/mt) as compared to the previous week. On the other hand, SS CRC prices indicate a decline of NTD 1,000/mt ($31/mt) as compared to the previous week.