Taiwan’s Yusco share price hits 7-year high
Yieh United Steel Corp. (Yusco), a leading stainless steel mill in Taiwan, greatly hiked its prices for January in order to reflect the rising costs of raw materials, and thereby its share price surged by 29.5%, closing at NT$8.25 on December 31, 2020, hitting a new high in more than 7 years.
Yusco posted its revenue of around NT$3.53 billion in November 2020, decreasing by 9.37% from the same month in 2019 while soaring by 24% compared to October, which reached a new single-month high last year after August.
In the first 11 months of 2020, Yusco’s revenue was roughly NT$34.3 billion, a year-on-year decrease of 15.7%.
