Although most of Taiwan domestic carbon steel flat service centers have tried to hold the price not to drop furhter in Taiwan domestic market, it is still said that the new low price record of cold roll steel coil has falled to only NT$18,000/MT (about US$600/MT) EXW. So far, this news has not yet been confirmed, but it has already caused the pressure for current CRC price in Taiwan local market. Some market participants said the current weak market demand and China Steel Corp. will release latest low price CRC leeway into domestic market in order to get some cash flow. Thus, some stockists are hurrying on selling their stocks. This is also the major reason to cause CRC price to dip further in Taiwanese domestic market.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64855&division=A2
