Reportedly, Tang Eng, one of the major stainless steel producers in Taiwan announced to remain its list prices flat for November. Also, the company kept its stainless steel export prices flat for November. Tang Eng said that since the LME nickel prices have increased recently, the company has signed several long term supply contracts with its customers for next year. Therefore, Tang Eng's manager believed to keep its price stay flat is the best strategy for them for order collection now. Meanwhile, Tang Eng's current monthly order received quantity is about 15,000 tons.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66926&division=A1
