China Steel Corporation (CSC), Taiwan’s leading carbon steel producer, announced to keep the prices for its entire range of steel products, including hot- and cold-rolled coils, and galvanized and electrical steel products, for November deliveries.

CSC said this decision was made as global steel demand recovery is slow, and end-user inventory replenishment remains modest, resulting in a short-term market consolidation.

The company stated that the overall stability in international steel prices, with a modest rebound in the US hot-rolled market. Other major Asian producers, such as Baosteel and Formosa Ha Tinh Steel, also maintained mostly flat or slightly increased pricing.

CSC aims to preserve the competitiveness of its downstream customers facing market challenges by keeping prices unchanged.