Jaway Stainless Steel

Chinese stainless wire rod producers cut prices for October

After Yieh United Steel Corporation, one of the major stainless steel producers in Taizhou released new prices for October, Taizhou major stainless steel wire rod mills Yieh Hsing and Walsin Lihwa released the new prices for October.

The two major stainless steel wire rod makers both announced to cut the prices of stainless steel wire rods by TWD 2,000 per tonne for October. It’s known that the two mills decided to cut wire rod prices for October due to stable weak, in spite of stable nickel prices. Also, the two mills expected the price cut could stimulate the market demand.