Taiwan's Yusco cuts stainless steel list prices for Nov sales

Yieh United Steel Corp (Yusco), Taiwan's largest stainless steel producer headquartered in Kaohsiung, has announced a reduction in list prices of 300-series stainless steel products for local sales in November, reflecting weaker downstream demand and a retreat in raw material costs, Mysteel Global has learned.

For November business discussions, Yusco has cut prices of 304-grade hot-rolled and cold-rolled stainless products by TWD 1,000/tonne ($32/t), while those for 430-grade stainless products remain unchanged. Yusco's price decision follows a decline in key stainless steelmaking raw materials in October. Nickel pig iron (NPI) and ferrochrome (FeCr) prices fell,