Chung Hung Steel, one of the major re-rollers in Taiwan announced its new price for August yesterday.
Since Chung Hung Steel announced to remain prices flat for August, it’s said that Taiwanese steel pipe mills may follow Chung Hung Steel to keep prices unchanged for August.
The current demand for steel pipes remains weak, it’s predicted that August is a tough month for Taiwanese steel pipe mills.
As the transaction prices of steel pipes might fall, the steel pipe mills may cut production in order to stabilize the price.
Source – yieh.com