Yieh Phui Enterprise Co., Ltd. (Yieh Phui), a leading coating steel producer in Taiwan, has raised its domestic steel prices for the second consecutive month, with increases of NT$600/ton for both galvanized and pre-painted steel for September. The company's export prices will remain stable for October.

General Manager Chang Chen-Wu said the adjustment was due to the stabilization of the global economy, Taiwan's second-quarter GDP growth rate of 7.96%, and strong export orders. He also noted that China’s efforts to reduce steel production and low inventory levels are helping to stabilize prices.

Chang stated that although challenges still exist, the outlook for the steel market is becoming more optimistic. Yieh Phui is responding to a general market upswing, with other major Asian steel mills also increasing prices.