Taiwan’s Tang Eng raises 316L stainless steel surcharge for Jul

Tang Eng Iron Works Co., Ltd., one of Taiwan’s main stainless steel manufacturers, announced its new prices for July. The base price for its main product, 304 hot-rolled and cold-rolled stainless steel, will remain unchanged, with prices negotiated individually with customers. It is a similar strategy of the other stainless steel major, Yieh United Steel Corp. (Yusco).

For other products, Tang Eng increased the surcharge for 316L stainless steel by NT$1,000/ton. Prices for 430 stainless steel will hold steady.