Friday, 19 September 2008

Taiwan's Steel price will be dropped

The steel price will be dropped NT$1,000/ton

Recently, Taiwanese steel market remains cold, and local traders expect thatlow demands will remain for a while till October, 2008. The trader predicted that Chung Hung Steel will lower their price of each steel product by NT$1,000/ton for October. Nevertheless, buyers asked for more price cut because they thought current price didn’t reach the bottom yet.

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Operation in Iron Ore Mine