Taiwanese YUSCO has lifted its latest stainless steel prices today for February due to soaring cost on LME nickel price. The export prices of stainless steel 300 series and 400 series will go up by USD 250 to USD 280 per tonne and USD 30 to USD 50 per tonne respectively.

YUSCO notes that the global stainless steel market is rebounding by skyrocketing price on raw material after production cut by most mills and full de stock. The company believes buyers will start to replenish their stocks, spurring the stainless steel prices since February 2012.

(Sourced from www.yieh.com)