Taipei Times reported that Kaohsiung based Taiwan’s largest steelmaker China Steel Corporation would cut domestic steel prices by 2.1% on average for delivery in June 2022 in response to a brief slowdown in steel demand and to help customers mitigate mounting manufacturing costs caused by geopolitical issues. China Steel Corp is slashing prices by TWD 300-500 (USD 17) per tonne for steels used in a wide range of areas from construction to computers and vehicles. However, the price of hot-rolled steel coils would remain unchanged, given robust demand for American Petroleum Institute steel pipes for oil and gasoline transmission systemsPlates – TWD 500HR – TWD 500CR – TWD 500HDG – TWD 300-500China Steel Corp move matches its Chinese counterparts’ recent downward price adjustments. China’s Baowu Steel & Angang Steel have lowered their steel prices by up to CNY 200 (USD 30) per tonne, as demand in Asia plunged during the rainy season and in the month of RamadanHowever, the company said it expects steel demand to pick up in the second half of the year, benefiting from infrastructure programs in China, as lockdowns there could gradually be lifted later this year, as well as post-war reconstruction projects, if Russia’s war in Ukraine stabilizes.
Taipei Times reported that Kaohsiung based Taiwan’s largest steelmaker China Steel Corporation would cut domestic steel prices by 2.1% on average for delivery in June 2022 in response to a brief slowdown in steel demand and to help customers mitigate mounting manufacturing costs caused by geopolitical issues. China Steel Corp is slashing prices by TWD 300-500 (USD 17) per tonne for steels used in a wide range of areas from construction to computers and vehicles. However, the price of hot-rolled steel coils would remain unchanged, given robust demand for American Petroleum Institute steel pipes for oil and gasoline transmission systemsPlates – TWD 500HR – TWD 500CR – TWD 500HDG – TWD 300-500China Steel Corp move matches its Chinese counterparts’ recent downward price adjustments. China’s Baowu Steel & Angang Steel have lowered their steel prices by up to CNY 200 (USD 30) per tonne, as demand in Asia plunged during the rainy season and in the month of RamadanHowever, the company said it expects steel demand to pick up in the second half of the year, benefiting from infrastructure programs in China, as lockdowns there could gradually be lifted later this year, as well as post-war reconstruction projects, if Russia’s war in Ukraine stabilizes.
