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Yeh Phui Raises November Domestic Steel Prices Amid Tightening Supply
Non-Energy Minerals · Steel · economic_daily · 2026-10-30
2023
Yeh Phui has increased its November domestic prices for galvanized and prepainted steel by NT$1,200 per ton, citing global supply reductions and price strength.
What Happened
Pricing Strategy: Yeh Phui announced a price hike for its primary galvanized and prepainted steel products, increasing domestic prices by NT$1,200 per ton for November. Additionally, the company raised its export quotes for December by $10 per ton, signaling confidence in market demand and pricing trends.
Global Supply Trends: According to the World Steel Association, global crude steel production in September was 142 million tons, down 0.2% year-on-year. Notably, China's crude steel production for the first nine months of the year fell by approximately 30 million tons compared to the same period last year, indicating a tightening of global supply.
Regional Market Dynamics: In the European market, the implementation of import quota reductions since July has helped stabilize and strengthen steel prices. Yeh Phui's price adjustments reflect these global supply-demand shifts and aim to maintain the company's competitive edge in the steel sector.
Industry Outlook: With global crude steel production declining and import restrictions in place in Europe, the supply-demand structure of the steel industry is gradually improving. Yeh Phui will continue to monitor international steel price fluctuations and regional trade policies to adapt its production and sales strategies accordingly.