September 15th, 2022, China Steel Corporation (CSC) hereby announces following statement, regarding forecast and sales price adjustment for fourth-quarter/ October shipment of 2022.
Considering of domestic downstream customers to be continuously under the pressure of weak demand from end users and relatively higher inventory level, and also the increasing raw materials and energy costs of steel production, CSC decides to provide a price reduction between 0~2,000 NTD per metric ton to support and maintain a healthy operating environment for downstream industries, and to defense from the competition of low price import products.
On September 15, 2022, Taiwan Ministry of Economic Affairs announced to extend the anti-dumping duties on carbon steel plate (from Brazil, China, India, Indonesia, South Korea and Ukraine) and coated flat steel products (from China and South Korea) for a further five years for preventing domestic market from unreasonable price competition, effective immediately. In response to the volatile global steel market, CSC has moderately adjusted production schedule and marketing strategies in order to reduce the negative supply impact to the markets and support downstream customers.