After Yieh United Steel Corp. (Yusco) announced that the November price October 30th, Tang Eng decided to keep the November prices for its 200 and 300 series stainless steel products unchanged for November. Tang Eng said that it decided to keep stainless steel prices flat for November, considering the rising nickel prices at LME. Meanwhile, Tang Eng is in negotiation with some foreign buyers for the long-term contract for next year and it hopes to stabilize the price to secure the orders. Tang Eng pointed out that because the nickel price rebounded to over US$14,000/ton and the fourth quarter is the traditional peak season, it hoped that the market would enjoy a good performance compared to the third quarter.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66950&division=A1
