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YC Inox expects recovery in stainless steel market in Q2 2024

YC Inox Co., Ltd., a stainless steel producer in Taiwan, said that carbon steel is an indicator of the stainless steel market condition. Iron ore prices are rising gradually, which drove up international steel prices and pushed up the carbon steel industry. If the upward trend continues, the stainless steel market is expected to recover in the second quarter of next year.

YC Inox’s products for exporting account for nearly 80%. The global recession this year has led to a shrink in the order volume in various places for the company.

Looking forward to the future market, YC Inox believes that recovery for next year is expected.

Source: YIEH

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