Chung Hung Steel, one of the major carbon steelmakers in Taiwan announced to leave its list prices for carbon steel flat products unchanged for July, which meets what market participants forecasted.
After the price announcement, the company's list prices for hot rolled steel products are at NT$17,900~NT$18,400/ton; those for cold rolled steel products are at NT$21,300~NT$21,800/ton and those for galvanized steel products are at NT$21,300~NT$21,800/ton.
Chung Hung Steel stated that it decided to remain the domestic prices unchanged since market satiation has stabilized recently.