Yieh Hsing hikes stainless steel wire rod prices for Aug
Views : 97
Update time : 2023-08-01 17:22:33
Yieh Hsing Enterprise Co., Ltd., one of the major wire rod manufacturers in Taiwan, maintained its prices of carbon steel wire rods for August. The price of 304 stainless steel wire rods was hiked by NT$2,000/ton, and the surcharge of 316 series was up by NT$2,000/ton as well.
The company said the decision was to moderately reflect cost increases amid the currently rising prices of raw material prices and Taiwan dollar exchange rate depreciation. However, it still considered market demand and downstream customer competitiveness, so the carbon steel wire rod price was kept unchanged.
China’s December aluminium production grows 4.2%, leading to 2024 output to 1 million tonnes shy of the production cap
