October 07, 2008

Yusco raises SS prices again in April

Due to the nickel price fluctuation, Taiwan’s Yieh United Steel Corp has announced to raise prices again in April. As a result, the domestic prices are increased by around TWD 2,000 to TWD 4,000 per tonne.

Export price of 300 series stainless steel prices are raised by USD 150 to USD 250 per tonne, while export prices of 430 stainless steel will go up another USD 300 to USD 350 per tonne.

The report added that Tang Eng Iron Works is very likely to follow suit and downstream processors are trying effort to reflect a rise in production costs to their customers.

(Sourced from YIEH.com)