Taiwan Steel Group to acquire Burger King franchise rights | Taiwan News
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China Steel Corp (中鋼), the nation’s largest steelmaker, is to accelerate cuts for domestic steel prices by 2.23 percent for next month’s deliveries, given a sharp demand correction as panic buying caused by Russia’s invasion of Ukraine abated last month, it said yesterday.
China Steel is also keeping steel prices for next quarter unchanged, compared with the current quarter, given unfavorable short-term prospects.
Uncertainty about the trajectory of the COVID-19 pandemic and mounting global inflationary pressures have added to a slowdown in steel demand, the Kaohsiung-based company said in a statement.
Substantial measures taken this month by the US and the EU to