Many economists were expecting a global downturn starting last quarter (Q4) in year 2008.  Signs of economy downturn including bankruptcy and financial crisis for major banks/ companies worldwide as well as continuous labor reductions occurred.This also had tremendous impacts on Stainless Steel (or some may called Inox) industry.  Many major constructions/ projects were pending or even cancelled due to diminished demand and lack of willingness in investments. 

Yeun Chyang Industrial Co., Ltd. established in 1973 had more than 36 years of experiences in producing Stainless Steel Welded Pipe.  Continuously move into great success in manufacturing Stainless Steel Welded Tube, Stainless Steel Angles, Stainless Steel Flat Bar, Stainless Steel Coil, Stainless Steel Sheet and Stainless Steel U Channel.  In year 2008, Yeun Chyang became the biggest exporting company in Taiwan for Stainless Welded Pipe and Stainless Welded Tube.  Quality is the major key to success and to maintain adequate production quantities during period of economy downturn. 

However, nothing stays the same forever.  After continuous price decreasing for more than one and half years, the stainless steel market starts to gradually recover with help from the surging of nickel price.