Production pruning - Taiwan pipe makers to cut output by up to 50pct
Saturday, 10 Oct 2009
It is reported that Taiwan's steel pipe mills plan to cut their production by 20% to 50% due to current slow demand and oversupply.
Furthermore, the mills said that they will not operate at full operation until the market recovers actually.
Market analysts said that shortage of steel pipe supply is very likely to emerge in the next two months, and now is a good time for stockiest to replenish their stocks.
(Sourced from YIEH.corp)
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