Taiwan steel sector expected to recover orders

As the second half of the year entered its second half, there has been a succession of positive news.

A report from the Chung-Hua Institute of Economic Research (CIER) showed that the customer inventory index for the local manufacturing industry reached a five-year low of 42.7 in June. According to this report, the customer inventory in the manufacturing industry has been almost completely eliminated, indicating that orders are likely to pick up at any time.

Market participants in the steel industry believe that customers will buy to restock their inventories, which will be beneficial for the overall steel market.