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Tang Eng cuts stainless prices for December
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Yesterday, Taiwan's stainless steel manufacturer, Tang Eng announced its new stainless steel prices for December.
Surprisingly, the company lowered its domestic price by NT$1,000/ton, and cut export prices according to the different customers.
Tang Eng official said that the price cut is mainly due to current weak demand and nickel price drop. The LME nickel average price was US$17,030/ton, which is lower its estimation.
News Date
12/1/2009 8:35:44 AM
reported by
Shawn Xie
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