As nickel price stopped increasing, Taiwan’s Yieh United Steel Corp. (Yusco) announced to remain its domestic stainless price unchanged for September.
Most market players thought that the demand in the fourth quarter will slow down though it is a typical hot season for stainless market.
It’s said that some stainless steel producers successfully raised their prices for export market, but failed to raise their domestic prices since the domestic demands are relatively weak.
Currently, the 304 2B base price in spot market was lower than mills’ new offers.
News Date 9/2/2010 1:06:03 AM reported by Jacky Huang
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