October 13, 2008

Yusco to cut domestic SS price in august 2007

YIEH reported that Taiwanese Yieh United Steel Corp has announced to cut domestic prices of its stainless steel products in August because of lower LME nickel prices.

Yieh United Steel Corp is cutting TWD 20,000 per tonnes for 300 series stainless steel hot rolled and cold rolled products a reduction of 13% from the previous month. The price of 400 series will be remained unchanged.

Yusco said it will also trim the supply by 50% for 300 series No 1, 2B and 2D finishes reflecting the current market. Currently inventories at distributors were about 1 to 1.5 month consumption.