By Camaron Kao , 2014-03-04
Taiwan’s China Steel Corp (CSC) yesterday raised its domestic prices for April and May shipments by an average of 0.37 percent compared with March shipments on expectations that demand will rise. ‘Although demand in Taiwan has remained low this month, we believe it is a short-term phenomenon, and market sentiment will improve significantly next quarter, which is the peak season for the industry,” vice president for sales Liu Jih-gang said by telephone.
The steelmaker expects a recovering US economy will spur demand, given that warmer weather next quarter will help boost housing construction starts, Liu said. (…)
