Taiwan CSC September Price May Hit Bottom Again

2011-07-11

CSC will quote September price on July 13. Owing to the restraint of stagnant demand in global steel market, seven major steel product categories have no room for increase in price; the steel price is expected to further hit the bottom. According to CSC, many indices pointed out that the rebound of steel price was promising, but the situation fluctuated and the bullish signs of strength did not last long. If the current market conditions remain unchanged, the new price for September quoted next week will have no room for price rise.