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China Steel hikes prices - Taipei Times

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China Steel holds its prices for May steady

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CSC to decrease domestic prices - Taipei Times

China Steel Corp (CSC, 中鋼), the nation’s largest steelmaker, yesterday said it would lower domestic steel prices by 3.32 percent on average for delivery next month, as imports from China and Russia have been trading lower than market prices, depressing demand for local steel.
The price cut, the fourth monthly reduction in a row, also reflects weak demand from customers that are trying to deplete excessive inventories, the Kaohsiung-based company said in a statement.
The reduction is milder than the 5.61 percent cut for shipments this month, which CSC said points to more signs of a global recovery.
“The price cut aims to ....

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China Steel cuts prices for a third time

China Steel Corp (中鋼), the nation’s largest steelmaker, yesterday said it would reduce domestic steel prices for deliveries next month by 5.61 percent, given lower market demand and falling iron ore prices.
It is the third consecutive month that China Steel has cut domestic steel prices, after a reduction of 2.1 percent last month and 2.23 percent for this month, company data showed.
The steelmaker said that growing concern about a global recession, soaring inflation and the summer vacation in the West are adding to already-sluggish steel demand over the past few months, which was caused by Russia’s invasion of Ukraine, China’s ....

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China Steel Corp to cut domestic prices by 2.23%

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 ....

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