It is reported that affected by the US debt crisis, Taiwanese carbon steel plate market seems to be stagnant. However, domestic demand for rebar in Taiwan is still hectic due to pricing up by supply shortage, and will keep soaring in next few weeks.
Most of steel mills in Taiwan are going to curtail the orders from Europe or the US owing to possible influence of QE3, which could result in decrease of steel export from Taiwan. For hot rolled coil, some steel mills offer the ex work price of China Steel Corporation prime material around USD 725 per tonne. However, the price seems to be unworkable by the US debt crunch. So far, most of buyers suspend to place orders for restock. The affair will be the key issue they are concerned about