Taiwan's China Steel Corp. (CSC), the largest carbon steelmaker in Taiwan has announced to cut its new price by average 0.75% for next January and February, this number is actually lower than most market analysts' expected. One market analyst said the weak domestic market demand should be the major reason for CSC to cut its new price. Since CSC has only had limited price cut but CSC's raw material cost for the first quarter of next year remained flat, market analyst expected CSC's net sales profit in the first quarter of next year should be able to stay at level of NT$3 billion.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67489&division=A6
