Steel Prices Keeps Soft in Taiwan September 6 2010
on September 6th, 2010 at 8:00 pmLast week, HRC price didn’t rebound from the bottom as steel suppliers expected amid sluggish demands and anticipated price fall on iron ore and coal for the fourth quarter.
The actual deal on HRC was settled at NT$20,800~21,000/ton. On the other hand, HDG market kept soft on poor demand.
Currently, HGI prices are relatively strong compared to CGI prices, as steel suppliers cut their production on purpose to stabilize HGI prices.
Threaten by China’s low-priced CGI imports, the domestic CGI offer kept weak at NT$23,000~24,000/ton.
News Source www.yieh.com
