Chung Hung Steel is going to release latest prices and expected to adjust since September 28th 2012. However, most steel pipe buyers estimate that the company would have a decreasing price range about TWD 300 to TWD 500 per tonne for October 2012 due to overstock and sluggish demand.

Most buyers believe the prices released from Chung Hung have almost hit the bottom for October 2012 as a result of stable rebound in Chinese steel prices.

The prices seem difficult to drop further for November and December 2012, also stopping declining on the raw material for steel pipes.

Source - www.yieh.com)

(www.steelguru.com)