It’s reported that Taiwanese China Steel Corp.'s received orders in the first half of this year have been overbooked for 5%. Besides, the company's before tax sales profit in the first four months of 2013 were over than NT$8.5 billion, which to be higher than CSC's total sales profit in whole 2012 of NT$6.13 billion. It is said CSC's new price for July and August might drop further, but it might also be the bottom price for the market. As CSC believes the market demand may rebound in the fourth quarter, the company targets its total sales profit in whole 2013 would be at NT$12~NT$15 billion.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64617&division=A6
