It's reported that the Taiwanese steel pipe producers may announced to cut the October list prices this week, ahead of Chung Hung Steel's price announcement.
Chung Hung Steel, one of the major upstream raw material suppliers in Taiwan is going to release its October price policy on this Wednesday.
As the market participants predicted that Chung Hung Steel would reduce its October list prices by NT$300~NT$500/ton, the Taiwanese steel pipe producers may cut the prices early this week to gain orders.
However, it's forecasted that the Taiwanese steel pipe prices might bottom out in October.