After China Steel Corp (CSC) and Chung Hung Steel sharply increased prices due to weak demand, manufacturers in the subsidiary industry came under sales pressure.
Market participants turned to CSC for purchases, saying that this wave of earnings is strong, both local and imported hot rolled coil (HRC) prices are rising, and it is expected that the price trend will increase in the future market. Therefore, CSC achieved large order volumes in March.
However, actual demand did not improve to the expected extent, and distributors were faced with the dilemma of losing sales. CSC's Leeway price in March was expected to generate profits for the ancillary industry and boost sales.
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