Taiwan’s Yusco announces new stainless steel prices for Nov
Views : 1156
Update time : 2021-10-28 16:49:27
Yieh United Steel Corp. (Yusco), a leading stainless steel mill in Taiwan, announced its new price for stainless steel products for November.
According to the price adjustment, the price of 304 was hiked by NT$1,500/ton, and the price of 430 and the surcharge of 316L were kept unchanged. The export prices remained as well. Yusco’s price adjustment was smaller than market expectations.
Yusco said that the adjustment this time didn’t fully reflect the increase in raw material costs as it decided to absorb partial increased costs and raise prices moderately after considering reducing downstream customers’ inventory pressure.
