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‘REPRESENTATIVES’: Entrepreneurs’ efforts helped the nation become the 25th-largest economy in the world, Vice President William Lai told a forum in KaohsiungBy Cheng Chi-fang and Kayleigh Madjar / Staff reporters, in KAOHSIUNG
China Steel Corp (CSC, 中鋼) expects steel demand to increase on the back of governments around the world subsidizing infrastructure construction amid a stabilizing COVID-19 pandemic, CSC chairman Wong Chao-tung (翁朝棟) told an investors’ meeting yesterday.
“After getting through the hard times, I foresee at least one year, very possibly two years, of strong steel market,” Wong said.
Calling a dip in steel prices a “short respite for the market,” Wong said that it would likely bounce back early next year on the back of mild winter temperatures around the world allowing construction activity.
Despite COVID-19 spikes in some regions and increased
Taiwanese companies need to work on decarbonizing or risk being “excluded from the supply chains of the future,” the Ministry of Economic Affairs said yesterday.
Speaking at a forum for decarbonation organized by the Chinese National Federation Industries (CNFI, 全國工業總會), Bureau of Foreign Trade Deputy Director-General Cynthia Kiang (江文若) said that now is the time for Taiwanese companies to start preparing for requirements from countries and companies for greener supply chains and clear accounting of carbon emissions.
The EU in July announced the Carbon Border Adjustment Mechanism (CBAM), under which products produced with a large carbon footprint would face tariffs