Taiwan's leading coating steel company Yieh Phui Enterprise (YPE) announced an increase of NT$500/ton in domestic prices for October, including galvanized steel and pre-painted steel, while export prices remained flat for November. 

YPE said that as the US labor market slows, the Federal Reserve is expected to cut interest rates further based on risk management, which will moderately stimulate the release of funds to boost the economy. 

Focusing on Taiwan, the central bank raised its economic growth forecast for this year from 3.05% to 4.55% in mid-September, indicating that overall demand continued to recover and the economy stabilized. 

Regarding steel supply and demand, the US's reciprocal tariffs on various countries have restructured the global supply chain. With no new tariffs in the near future, the market has shifted from a wait-and-see approach to a positive outlook. 

In the third quarter report, the European Steel Association projected a 3.1% recovery in steel consumption in 2026, driven by a rebounding economy and easing trade and geopolitical tensions. 

In addition, Chinese officials announced plans to reduce crude steel production, promote industrial restructuring, and continue their capacity reduction policies. The global economy is gradually stabilizing with the tentative confirmation of US tariffs.