A 6.6% weekly surge in international nickel prices, reaching a 14-month high of US$16,500/ton, is driving a strong recovery in the stainless steel sector. While many industry peers struggled with losses last year, Yuen Chang Stainless Steel Co., Ltd. maintained stable profitability through its specialized focus on precision processing for the automotive and 3C electronics sectors.
Upstream suppliers like Yieh United Steel Corp. (Yusco) and Tang Eng Iron Works recently raised January rates, while Indonesia’s Tsingshan further increased prices by more than US$30/ton.
Market participants expect Yuen Chang’s first-quarter performance to thrive as its Ningbo Qiyi facility expands capacity for high-margin products. With improved yield rates and a strategic move into the button battery and appliance markets, the company’s financial outlook remains exceptionally strong.