Asian Steel Group Co., Limited hikes stainless steel prices for Jul
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Update time : 2021-06-29 17:39:19
Asian Steel Group Co., Limited. (ASG), a leading stainless steel mill, announced to hike its new prices for July today (June 29). The increase for domestic sales was NT$0-5,000/ton, and that for exporting sales was US$50-200/ton.
According to the price adjustment, the price of 300 series was hiked by NT$2,000/ton, grade 316 was raised by NT$5,000/ton, and grade 430 was kept unchanged.
As for the export price, 304 was hiked by US$50-150/ton, and 430 will be subject to a price increase of US$100/ton. The surcharge of 316L was also lifted by US$200/ton.
ASG said that the prices could actually be largely raised based on the current market demand and costs of raw materials; however, the firm finally decided to increased prices slightly after taking account of downstream buyers’ acceptance and competitiveness.
