The manager of China Steel Corp the largest steelmaker in Taiwan indicated that t the company's allocation of cold rolled and hot rolled steel products has been overbooked in the first quarter of next year.
He added that the overbooked allocation reflected the fact that market participant believed the steel market might recover in the first quarter of next year.
Furthermore, industry sources said that this good news might help the steel mills in Taiwan such as Chung Hung Steel, Yieh Phui, Sysco, Hsin Kwung Steel and Mayer Steel to receive better sales in the first quarter of next year.
Source:
http://www.steelguru.com/international_news/CSC_allocation_overbooked_in_next_Q1/295578.html
