Reported 8 months ago
Chen Jianyu reported from Kaohsiung on June 20th, CSC released its Q3 prices along with the prices for July, maintaining flat prices for various items in July while increasing prices for some products in Q3, in line with market expectations. CSC decided to take action against the massive low-priced steel exports from China and indicated a possible application for trade relief measures to protect the domestic industry. The price increase for products such as steel plates and automotive materials in Q3 reflects strong demand in industries like steel structures and the automotive sector. The global economic situation is improving, with Taiwan benefiting from the development of AI technology and high-performance computing and raising its GDP growth forecast. CSC anticipates a rebound in global steel demand in 2024 and 2025 after a two-year decline.
Source: YAHOO