Reported 8 months ago
Recent developments in the Asian steel industry have seen major steelmakers in Asia such as China's Baosteel, Anben Steel, and Vietnam's Hoa Phat Steel announcing their July or August prices, with Baosteel and Anben Steel keeping prices stable while Hoa Phat Steel decreased its prices. This has led to market expectations that Taiwanese steelmaker CSC is likely to announce stable prices for July and the third quarter domestic sales this Thursday, with the possibility of slight increases in some products to reduce operational risks. International factors such as fluctuations in iron ore and coal prices continue to keep raw material costs high, supporting the market's prediction of stable or slightly increased prices from CSC. Additionally, Feng Hsing, a major electric furnace plant, has also maintained stable prices for its domestic sales this week. All these indicate a stable outlook in the steel market amidst global market trends.
Source: YAHOO