China Steel Corporation (CSC), Taiwan's largest integrated steel producer, announced its price strategy for August and the third quarter of 2024. CSC has decided to maintain the prices of all its products for August.
For the third quarter, CSC said they will maintain last month's price increase of NTD 500 (about USD 16) per ton for SM570 and other steel plates and NTD 800 (about USD 25) per ton for automobile materials. They added that prices for other steel products will remain unchanged.
CSC has observed a modest global economic recovery but acknowledges challenges such as the seasonal dip in demand during the third quarter and shifts in global trade dynamics. Factors influencing these changes include the US's heightened Section 301 tariffs on China, the new European Steel Safeguard measures, and amendments to the cross-strait Economic Cooperation Framework Agreement (ECFA).
To sustain momentum in downstream orders, CSC opted to keep July prices stable, aiming to bolster the domestic market. The company also plans to continue providing diversified support solutions to help its customers mitigate the impact of imported steel products.
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