Chung Hung Steel Corporation (CHSC), a Taiwan-based carbon steel producer under China Steel Corporation (CSC), announced that it maintained the prices for November, holding flat the prices of hot-rolled, cold-rolled, and galvanized steel. Export prices for December will be adjusted based on product and regional market conditions.

The company referenced the IMF’s revised 3.2% global economic growth forecast for 2025 and expected economic support from China's forthcoming 15th Five-Year Plan and a Fed rate cut cycle.

Regarding supply, data from the China Iron and Steel Association (CISA) showed that late September daily crude steel output dropped by 8.9% to 1.889 million tons, a year-to-date low, indicating continued supply contraction.

Chung Hung said that stable pricing aims to sustain order momentum for its downstream customers amid slightly slower domestic demand recovery.