China Steel Corp (CSC), Taiwan’s biggest steelmaker, yesterday said it would cut September domestic steel contract prices by an average of NT$422 (US$14.60), or 1.69 percent, amid softening demand.
This would be the company’s second consecutive cut after it announced on May 26 that it would lower prices by an average of 4.19 percent for deliveries this month and next month. However, the 1.69 percent cut was lower than market expectations.
“The move is expected to stimulate the domestic market and help downstream customers maintain their global competitiveness,
Source : Chinafastener.info – Read the full Article via China Steel slashes domestic steel prices for September.