It’s reported that Chung Hung Steel, one of the major carbon steelmakers in Taiwan announced to cut its list prices for steel flats products for June.
Chung Hung Steel decided to reduce its domestic prices for hot rolled (HR) and cold rolled (CR) steel products by NT$600/ton. Besides, it cut domestic prices for galvanized (GI) steel products by NT$1,100/ton.
After the adjustment, Chung Hung Steel’s list prices for HR steel products are at NT$17,900~NT$18,400/ton; those for CR steel products are at NT$21,300~NT$21,800/ton and those for GI steel products are at NT$21,300~NT$21,800/ton.
Meanwhile, the company lowered its export prices by US$20~US$30/ton.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64643&division=A2