Taiwan¡¯s Yieh United Steel Corp. (Yusco) and Tang Eng have announced to decrease their domestic stainless steel price by NT$6,000/ton for the second half of May.

While market participants said that because the mills had lift the price a lot in the beginning of May, it is not enough to just decrease the average price in May by NT$2,000/ton.

Tang Eng and Yusco announced to decrease the price of 300 series stainless steel by NT$6,000/ton, which is the first time to cut the price in 2010.