Yieh Phui Enterprise Co., Ltd. (Yieh Phui), a leading coating steel mill in Taiwan, raised the prices of galvanized and pre-painted steel for October domestic sales, and the price for November export sales was kept unchanged.

Yieh Phui said that Taiwan’s steel market has been in the destocking stage, and demand from the end market has not improved. It decided to make such a price adjustment to moderately reflect costs and maintain a steady momentum before entering the fourth quarter.