Taipei, Jan. 12 (CNA) Shares in Taiwan closed slightly lower Thursday after moving in a narrow range amid cautious sentiment ahead of an investor conference held by contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), dealers said.
Yuanta sees bullish year for steel
By Chen Cheng-hui / Staff reporter
China’s move to tighten control of crude steel production, coupled with continued strong demand from downstream industries, is expected to have a positive effect on major players in the local steel industry this year, Yuanta Securities Investment Consulting Co (元大投顧) said.
Steel prices are also expected to remain robust on tight supply, despite a likely decline in iron ore prices in the second half of this year after the easing of a shortage in key raw materials for making steel, Yuanta analysts led by Leo Lee (李侃奇) said in a report on Wednesday last week.