Taiwan’s China Steel Corp., (CSC) will announce new domestic price for October and November shipments today after finished meeting with steel participants yesterday.
It was reported that CSC will reduce downward trend in view that Asian steel price had been kept soaring especially for China steel price had been increased continuously for five weeks.
The possible price cut for hot rolled coil would be around NT$700~1,000/ton, which was NT$300/ton lower than market expected.