Market awaits CSC 4Q export price reduction
Market watchers expect that
Taiwan based
China Steel Corporation (
CSC) will soon announce its fourth quarter (November 2005 to January 2006) export price reduction.
CSC has yet to disclose the decrease range, but the local media suggest it could be $70-80/ton. However, for some cold rolled sheet/coil that cannot be produced in mainland
China, and products with high added value such as
galvanized sheet, the decrease range will be smaller since demand is great.
CSC decreased its prices of steel material for October to December in
Taiwan by NT＄750-2500/ton ($23-77).