Taiwan’s stainless steel mills including Yieh United Steel Corp. (YUSCO) and Tang Eng Iron Works have announced to reduce their domestic stainless prices on stainless steel hot rolled product (No.1) prices by NT$2,000/ton, effective from December.

Meanwhile, the price of stainless steel cold rolled (2B) will be cut by NT$3,000/ton. However, the export prices at both companies will be reminded unchanged. Yusco will also hold its 400 series stainless steel prices steady for December.