The company recognises the challenges posed by global economic factors such as the US interest rate hike, the Russia-Ukraine war and China's slow recovery in the first half of the year. However, with positive indicators and expected improvements in the global economy, CSC aims to align its prices with market trends and support its supplier customers to seize growth opportunities.
CSC notes that the World Bank and the OECD have revised their growth forecasts for this year, predicting global economic growth of 2.1% and 2.7% respectively. The world economy is expected to improve as energy prices decrease and inflation recedes. Taiwan's manufacturing sector is facing weak demand, while the country's GDP growth rate is forecast to reach 2.04 per cent this year, supported by tax cuts, energy-saving initiatives and significant budget allocation for public infrastructure projects.
CSC's price adjustments for domestic steel sales are as follows;
July Shipments:
HR Plate: -1,200 NTD/MT
CR: -1,500 NTD/MT
EG: -1,000 NTD/MT
ES: -1,000 NTD/MT
Third Quarter Shipments:
HR Plate: -2,000 NTD/MT
Bar and wire rod: -2,000 NTD/MT
CR: -1,500 NTD/MT
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