Yieh Phui Enterprise Co., Ltd. (Yieh Phui), a leading coating steel producer in Taiwan, announced today (December 31) that its domestic prices for galvanized and pre-painted steel will rise by NT$500/ton for January, while February export rates remain steady.

The company pointed to a steady global recovery supported by monetary easing in the US, Europe, and China. Domestically, Taiwan’s economy stays strong, with growth projections reaching 3.54% for 2026 due to the growing exports in AI (artificial intelligence) and ICT (information and Communications Technology) products.

Global crude steel production fell by 2% in the first 11 months of this year, with Chinese output hitting a seven-year low. New export controls from China starting next year will likely tighten supply further. Combined with rising costs for iron ore and coal, these factors provide a firm floor for pricing. Yieh Phui remains optimistic as Asian markets move toward a price recovery.