
YUSCO and TANG-ENG opt for Individual negotiations with customers for May pricing.
In May 2023, the stainless steel market in Taiwan experienced an unprecedented shift as individual negotiations for pricing were introduced for the first time. After considering the stainless steel market prices in China, we believe that the pricing in Taiwan has reached its bottom. Lowering prices further would lead to financial difficulties for the steel mills. However, both domestic and international market demands remain sluggish. Consequently, TANG-ENGand YUSCO find themselves in a challenging position and have ultimately decided to engage in individual negotiations with downstream distributors to achieve a mutually beneficial outcome.
HE-TIEN uses nickel prices as a benchmark to assess past stainless steel prices and believes that the current prices are relatively low. If the market condition sees a slight recovery, it may trigger a significant price surge. However, due to the ongoing market slump, our company perceives the prices to be stuck in a situation where they cannot be further lowered but also cannot be substantially increased. In light of this situation, we believe consumers should continue to monitor any price fluctuations before making decisions.
YUSCO and TANG-ENG opt for Individual negotiations with customers for May pricing. | Precision Stainless Steel Strips for Specialized Uses
Based in Taiwan since 1997, HE TIEN METAL INDUSTRY CO., LTD. specializes in high-quality stainless steel materials. Offering a comprehensive range of products including coils, strips, sheets, plates, and mirror sheets, we cater to diverse industrial needs. Our direct sourcing and in-house processing ensure competitive prices and unparalleled quality, serving clients globally in technology, construction, and manufacturing sectors.
HE-TIEN Metal Industry Co., Ltd. excels in processing stainless steel to produce superior quality coils, sheets, plates, strips, and mirror sheets. With over 25 years of expertise, the company emphasizes strict quality control and competitive pricing by directly sourcing and processing materials. Catering primarily to stamping and laser sheet metal manufacturers, HE-TIEN's products find wide applications across various industries, ensuring reliability and excellence.
HE-TIEN has been providing customers with stainless steel strips for industrial use since 1997, both with advanced technology and 27 years of experience, HE-TIEN ensures that each customer's needs are met.