Reported 8 months ago
CSC released the third-quarter plate on June 21, 2024, opening flat as expected in the rod and wire segment. Downstream industries such as screws, hand tool, steel wire, and cable manufacturers have given positive feedback, appreciating CSC's consideration for the challenges faced by downstream operators. However, there was a price increase for some steel sheets, leading to concerns about the price gap with imported products. Following the plate release, CSC introduced a new project with stable prices for general plates, relaxed dimensions, and a slight price decrease for products sold to galvanizing and rolling mills. Industry representatives emphasized the importance of not raising prices to maintain international competitiveness and expressed hopes for gradual market improvement.
Source: YAHOO