Kao Hsing Chang, one of the major carbon steel cold roll coil re rolling mills and pipe makers in Taiwan, said that its Q1 2012 capacity utilization will stay at 60%, remaining at the same level of Q4 2011.

The company said that it has aimed to raise its March export prices; however, buyers' weak confidence still caused it unable to hike prices successfully.

In order to keep the company's operation, Kao Hsing Chang said that once China Steel Corporation, the largest steelmaker in Taiwan increases its new prices, the firm will follow CSC's step to raise new prices as well.

For the prospect, Kao Hsing Chang said that it might have negative sales in the first half of 2012 while it expected better sales performance in the second half of 2012.

(Sourced from www.yieh.com)