Taiwanese Yieh Phui has also decided to slightly increase its price by NT$500/ton (16 usd) for January, taking into account demand and the Chinese New Year holidays. SYSCO kept prices high for November and December. SYSCO is expected to follow the January price sequences.
According to the information obtained, the steel price reached the bottom in the next half of 2022. Currently, many stock levels are below expectations.
Demand is expected to increase soon.
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