Taiwan's Yusco adopts closed pricing for July sales

Yieh United Steel Corp (Yusco), Taiwan's largest stainless steel producer, has decided to adopt 'individual' pricing for local sales of its austenitic-grade stainless steel products this month, Mysteel Global has learned. In June, the Kaohsiung-based maker in South Taiwan had cut prices of its 300-series stainless flats by TWD 2,500/tonne ($86/t), as reported.

Considering the uncertainty in global stainless market trends, Yusco intends to negotiate 304-grade stainless sales prices with customers individually in actual transactions during this month, while keeping its list prices of 430-grade stainless products unchanged on month, according to a local market source. Tang Eng Iron Works, another leading stainless