According to reports, Taiwan’s China Steel Corp. (CSC) received over 100,000 tons of orders in March and may significantly raise the April rate. In Taiwan's distribution market, transaction activity remained subdued amid sluggish buying. Some local distributors anticipate that price increases may accelerate after the Chinese New Year, and are therefore holding back their sales.
CSC understands that spot supply in the circulation market is gradually becoming tight, so it has postponed the March Leeway price announcement until after the long holidays. This shows that CSC is also beginning to hold back the sale of spot goods and reduce current supply. At present, most Asian countries have implemented anti-dumping measures on Chinese hot-rolled coil (HRC). Without low-price competition from Chinese steel mills, price increases are inevitable.
