Taiwanese domestic demand in the stainless steel market was weak, and the export was affected by the high trade barriers of various countries, prompting some stainless steel industry to plan overseas construction.
In addition, Indonesian Qingshan adopted RKFE smelting technology, and its steelmaking cost was the lowest in the world. Taiwanese electric furnace smelting cost was higher than that from Indonesian Qingshan and Chinese steel mills.
In the environment of inferior market, the stainless steel industry surrounded with uncertainty and the domestic demand from Taiwanese stainless steel market was insufficient, which still needed to rely on exports' support.
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