Yieh
United Steel Corp. (Yusco), one of the major stainless steel producers
in Taiwan announced to cut its list prices for stainless steel products
for June. The company decided to cut domestic prices by
NT$500-NT$2,000/ton and reduce export prices by US$20- US $50/ton.
Yusco
cut domestic prices for 300 and 400 grades by NT$2,000/ton and
NT$500/ton respectively. Yusco pointed out that low-priced imports from
China and Korea are dumped into the market, causing the market prices
continuously fall. Therefore, Yusco decided to cut prices in order to
help buyers remain competiveness.
Source by Commodity Insights
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