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Taiwan’s stainless steel market to remain sluggish this week
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It’s reported that Taiwan’s stainless steel market has remained quiet even though the stainless steel mills have cut the price for the consecutive four months.
It’s known that Yieh United Steel Corp. (Yusco) and Tang Eng, the two largest stainless steel producers in Taiwan announced to cut the domestic prices of 300 grades by NT$1,500/ton for June.
Industry sources predicted that the Taiwanese stainless steel market would remain sluggish this week due to the uncertain global economy, poor demand and cheap imports.
News Date
6/11/2012 7:34:08 AM
reported by
Kasim Xu
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