TAIWAN STEEL MARKET ROUNDUP FROM MEPS INTERNATIONAL LTD
Taiwanese hot rolled coil selling figures have decreased
sharply over the last month, according to MEPS. Producers are attempting to
boost sales amidst relatively muted activity
Cold rolled coil sales remain slow. Producers have agreed further, relatively
large concessions. Domestic mills continue to try to claw back business from
MEPS has also noted further price erosion for hot dipped galvanised coil, in a
climate of tepid demand and fierce import competition. Overseas sales have been
hit by threats of trade action. After falling in April, electro-zinc coated coil
selling values have stabilised.
Yieh Hsing, one of the major wire rod producers in Taiwan, announced it would
slash list prices for May contracts. The move has been reflected in the
marketplace, with transaction values tumbling severely.
Domestic or local mills have conceded discounts for rebar in the face of muted
demand and lower scrap costs. There is some underlying negative pressure in the
merchant bar market. Lower prices cannot be ruled out in the near future.
Steel Review - May Issue
Free Sample copies
of MEPS Reports
the latest copy of International Steel Review here
up for free MEPS steel news alerts