HomeProduct Complimentary download Taiwanese downstream buyers expect CSC to cut December prices

Taiwanese downstream buyers expect CSC to cut December prices

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Publish time: 18th October, 2012      Source: ChinaCCM
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Taiwan's China Steel Corp. (CSC) is going to have its December price announcement on October 19th.

Market participants expect CSC to cut its December domestic prices as most of rolling mills and other downstream users have faced difficulty to win order due to CSC's high prices of hot rolled materials.

The Taiwanese rolling mills said they only received 70 to 80% orders for November. At the same time, the New Taiwanese dollar has continued appreciating.

Affected by these factors, they expected that CSC to cut prices for hot rolled coils (HRC) by US$30/ton to help them receive more orders.