It's reported that China Steel Corp. (CSC), the largest steelmaker in Taiwan is going to release its price policy for December on October 19th.
Market participants predicted that CSC would cut its list prices for steel wires and bars by NT$1,500/ton as its prices are higher than the price level in international market.
It's learned that the offers of steel wires and bars offered by the South Korean exporters to Taiwan are at around US$700~US$710/ton C&F
(NT$21,000/ton), which is lower than CSC's actual selling prices of NT$22,500~NT$22,800/ton.