**Industry Distribution:**
- Stainless Steel Products: 60%
- Steel Pipes and Profiles: 25%
- Other Steel Products and Services: 15%

**TOP 3 Markets:**
- China: 40%
- USA: 25%
- Europe: 20%

Yieh United Steel Corp. generates the majority of its revenue from the sale of stainless steel products, which account for about 60% of total revenue. Steel pipes and profiles contribute to a quarter of the revenue, while the rest comes from other steel products and services.

Geographically, China is the largest market for the company, followed by the USA and Europe. Together, these markets account for 85% of total revenue, highlighting the strong international presence and dependence on these regions.

**Production Sites:** Taiwan

Yieh United Steel Corp., also known as Yusco, is a leading stainless steel manufacturer based in Taiwan. The company operates its main production facilities in Taiwan, where it produces a wide range of stainless steel products. Taiwan is known for its advanced steel industry and provides Yusco with strategic advantages in terms of logistics and access to raw materials.

**Estimated Revenue Growth:** 8-10% annually (2026)

**Investments in Green Technologies:** $150 million USD (2025)

Yieh United Steel Corp. is pursuing a strategy that strongly focuses on sustainability and technological innovation. The company plans to expand its production capacities through investments in green technologies. These investments are intended not only to reduce environmental impact but also to increase the efficiency of production processes.

Another key focus is on diversifying the product range to tap into new markets and deepen existing customer relationships. By introducing new steel products tailored to the needs of growing industries such as automotive and construction, the company aims to strengthen its market position.

In addition, Yieh United Steel Corp. is leveraging strategic partnerships and joint ventures to enhance access to international markets and expand global presence. These measures are intended to support revenue growth in the coming years and secure the company's competitiveness in the global steel market.

**Main raw materials:** Iron ore, nickel, chrome

**Main importing countries:** Australia, Brazil, South Africa

Yieh United Steel Corp. mainly imports iron ore, nickel, and chrome, which are essential for steel production. Australia and Brazil are the leading suppliers of iron ore, while nickel and chrome are often sourced from South Africa.

These countries are preferred partners for Yieh United Steel Corp. due to their abundant natural resources and established trade relationships. The strategic selection of importing countries enables the company to optimize raw material costs and ensure supply security.

**Market share:** 8% (estimated, 2026)

**EBITDA margin:** 12% (2025)

**Research & Development (R&D) expenses:** 5% of revenue (2025)

Yieh United Steel Corp. (TPEX:9957) has a moderate competitive advantage in the steel industry. The estimated market share of 8% indicates that the company holds a significant, but not dominant position in the market. The EBITDA margin of 12% suggests that the company operates efficiently and is able to manage its cost structure well, which is a sign of a certain competitive advantage.

The investments in research and development, accounting for 5% of revenue, demonstrate the company's commitment to strengthening its market position through innovation and technological improvements. This is particularly important in an industry heavily influenced by price competition and raw material costs.

In summary, Yieh United Steel Corp. has some competitive advantages that are, however, challenged by intense competition in the steel industry. Nevertheless, a focus on efficiency and innovation could further strengthen the competitive position in the long term.

**Institutional Investor Share:** Estimated at 35% (2026)

**Insider Purchases/Sales:** No significant transactions in the last year (2026)

The institutional investor share at Yieh United Steel Corp. is approximately 35%, indicating a moderate interest from institutional investors. This suggests that the company is viewed as stable by larger investment funds and institutional investors.

In 2026, there were no significant insider purchases or sales, indicating that the management and other insiders are currently not making significant changes to their holdings. This could suggest that they are satisfied with the current company strategy and performance.

**Market share of Yieh United Steel Corp.:** Estimated 5% (2026)

**Main competitors and their market shares:**
1. China Steel Corporation: 20%
2. Nippon Steel Corporation: 15%
3. POSCO: 12%
4. JFE Steel Corporation: 10%
5. Baosteel Group Corporation: 8%
6. Yieh United Steel Corp.: 5%
7. Hyundai Steel: 4%
8. ArcelorMittal: 3%
9. Tata Steel: 2%
10. Nucor Corporation: 1%

Yieh United Steel Corp. has a market share of approximately 5%, which is relatively low compared to the larger players in the industry. The market is dominated by a few large companies that hold significant market shares.

The moat of Yieh United Steel Corp. is less pronounced compared to its larger competitors. Larger companies like China Steel Corporation and Nippon Steel Corporation have extensive resources, larger production capacities, and a broader global network, giving them a stronger competitive advantage.

However, Yieh United Steel Corp. could develop a certain moat through specialization in niche markets, innovative technologies, or strong customer loyalty. Currently, the competitive advantage seems to lie with the larger companies that can leverage economies of scale and a diversified product range.

**Revenue Growth:** 8.4% (2025)
**Profit Growth:** 10.1% (2025)
**Market Share in the Steel Industry:** 5% (2025, estimated)

Yieh United Steel Corp. achieved a revenue growth of 8.4% in 2025, attributed to strong demand for steel products and effective expansion into new markets. The profit growth of 10.1% during the same period indicates that the company was able to improve its operational efficiency and benefit from cost synergies.

The company has expanded its market share in the steel industry to approximately 5%, signaling a successful strategy to increase production capacity and diversify the product portfolio. These developments could position the company strongly for future growth.

In summary, Yieh United Steel Corp. presents a potentially attractive investment opportunity due to its solid financial performance and strategic market positioning. However, investors should also consider macroeconomic factors and the volatility of commodity prices that can impact the steel industry.

**Dividend Yield:** 4.2% (2026, estimated)
**Dividend History:** Continuous payout over the last 5 years

Yieh United Steel Corp. has pursued a stable dividend policy in recent years. The 4.2% dividend yield in 2026 indicates that the company regularly returns a portion of its profits to shareholders. This reliability in payout is a sign of the company's financial stability and its ability to generate returns even in economically challenging times.

The company has consistently distributed dividends over the past five years, strengthening investor confidence and increasing the attractiveness of the stock. The stable dividend policy could also suggest a conservative financial strategy aimed at safeguarding the interests of shareholders in the long term.