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Taiwan’s Yusco & Tang Eng optimistic about stainless steel market next year

20 Dec 2021 16:01 reported by Joy Liu

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Yieh United Steel Corp. (Yusco) and Tang Eng Iron Works Co., Ltd., two leading stainless steel upstream suppliers in Taiwan, expected a stably growing stainless steel market next year due to recovered global demand and economy during the post-epidemic period.

Owing to the expansion of the domestic technology industry and the growing housing market, the market application of stainless steel continues increasing, with an expected prosperous prospect next year.

Although the stainless steel market is unstable caused by fluctuations in nickel prices, the price of nickel ore is still supporting the overall market. If the supply can be under control, the stainless steel market will not be impacted negatively.

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