Compiled by STEVE CHUANG
With the recent collapse in international prices of iron ore causing a domino effect in the global steel market, along with downsizing of U.S.’s shale gas and cruse oil exploration industries due to record-setting low oil prices, Taiwan-based China Steel Corp. (CSC), the island’s largest steelmaker by capacity and size, is on the brink of slashing its nominal prices of steel products for June, which, in turn, will benefit local fastener makers in the short term.(…)
