China Steel Corp 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 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 .
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
China Steel Corp plans to impose a moderate carbon surcharge on steel exports in August next year ahead of the implementation of new EU carbon rules, it said yesterday. A draft version of the EU’s Carbon Border Adjustment Mechanism is to be released in 2023 and implemented in 2026, affecting 248 items including steel, the .
China Steel Corp (CSC, 中鋼) plans to impose a moderate carbon surcharge on steel exports in August next year ahead of the implementation of new EU carbon rules, it said yesterday.
A draft version of the EU’s Carbon Border Adjustment Mechanism is to be released in 2023 and implemented in 2026, affecting 248 items including steel, the company said.
Even though only about 3 percent of CSC’s products are exported to Europe, the company is taking the issue seriously and aims to minimize the impact on Taiwan’s steel industry, as the rules would have a more profound effect on downstream companies, it
China Steel profit before taxes rises by 24 percent taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.