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Taiwan CSC Adjusts Steel Price Downward while Wire Rod Price Unchanged
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2011-07-01

Taiwan China Steel Corp., Chung Hung Steel, and the stainless steel giant Yieh United Steel Corp. all reduce steel price in July. The main steel materials in Q3 comprehensively experienced a price fall, and currently, the transaction price range is low. Based on the iron ore cost and the analysis of the downstream requirements, the July and August new price of CSC is unprofitable. CSC must try to create profit by all means. The CSC's future bid price shows a  rising trend.

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