Taiwan’s Yusco & Tang Eng expected to raise stainless steel prices on stabilized nickel prices
27 Apr 2021 15:14 reported by Joy Liu
According to market participants, Yieh United Steel Corp. (Yusco) and Tang Eng Iron Works Co., Ltd., two leading stainless steel upstream suppliers in Taiwan, were expected to raise their stainless steel prices for May due to stabilized nickel prices, strong demand in the European and American markets, and a good condition of export orders.
Yusco said that the company’s export orders, which accounted for 40% of its performance, have been going smoothly, and the domestic market has also stabilized due to the stronger demand in US infrastructure and the European automotive and home appliance markets. Therefore, it was expected that the stainless steel market will improve gradually.
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