News Room - Steel Industry

Posted on 15 Jun 2010

Taiwan's GI market remains soft

The prices of HGI and CGI sheets in Taiwan have declined owing to soft demand and downtrend on Chinese export prices.

 

However, some local stockers don’t cut prices down to meet orders in order to keep their costs.

 

Moreover, Chinese government is going to released new policy in the middle of June that the tax rebate on exported HRC will be down to 0 percent from 9 percent.

 

It is expected that the Taiwanese local GI market is likely sluggish in next few months, buyers said.