It was learned that a well-known stainless steel enterprise in Taiwan announced on August 30 that the stainless steel plate price: 304, 200 series and 400 series were increased by 700 yuan per ton (NT $3000); The overseas market increased by 700-900 yuan (US $120-150) per ton according to different regions.
Affected by COVID-19, shipping on the island of Taiwan is still limited, and the raw materials needed for the production are scarce.
In addition, with the Fed's announcement of reducing the table and reducing debt becoming clearer, LME nickel stood at US $19000 again, and Europe and the United States continued to offer high price increases. For example, major US manufacturers raised the gold price and base price by 1300 yuan per ton (about US $200), and major European steel mills also significantly raised the selling price by 1500 yuan per ton (about 200 euros).
Therefore, according to the overall research and judgment, the orders in the fourth quarter are still relatively optimistic.
At present, all 4 production lines of Indonesian nickel pig iron invested by Huaxin Lihua in Indonesia have been opened in August. However, due to local restrictions, the production capacity can only open 60 ~ 70%, and the output is about 2000 tons of nickel metal per month.
It is expected that after the self owned power plant is put into operation next year, the monthly output of nickel pig iron in Huaxin Lihua, Indonesia will reach 3000 tons.
