It is reported that affected by construction and building sectors keep quiet in Taiwan, the downstream dealers are asking China Steel Corp. to cut galvanized steel price by USD 100 per tonnes.

But China Steel Corp said it will only reduce price by USD 40 to USD 50 per tonnes. As for current coated steel price is at FOB USD 870 per tonnes. CCS’s HDG price is at FOB USD 810.

Dealers said that their coated process cost is about USD 50 per tonnes. The cost is too high to accept, so dealers hope CSC could cut galvanized steel price.