Due to the uncertain future economy in the EU, oversupply in Chin and weak demand, several carbon steel mills in Taiwan can't achieve target to receive enough orders.
China Steel Corp. (CSC), the largest steelmaker in Taiwan said the firm could not receive enough orders from its screw users in October and November.
It's known that Taiwanese screw makers are the mainly buyers of the CSC's steel wire rod and bars.
Yieh Phui indicated that the firm's received order volumes from foreign customers in October was about 15% lower than the figures in September. The company is now working hard to gain the orders from Europe and North America market.
Meanwhile, Tycoons said that it can only get short term orders currently.
The Taiwanese steelmakers expected that the QE3 monetary policy can push up the market demand in this fourth quarter or the first quarter of 2013.