【SMM Steel】Taiwan's downstream manufacturers oppose CSC's proposed July price hike

Published: Jun 1, 2026 16:09

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【SMM Steel】Taiwan's CSC is expected to raise July HRC prices by 300-500 TWD/tonne, but faces resistance from downstream buyers as Asian HRC prices have recently dropped due to currency depreciation, trader short-selling, and falling Chinese markets. Local buyers argue that raising Taiwanese prices during an Asian downturn creates an awkward mismatch. They propose a compromise: a nominal price increase offset by private discounts. Market participants note Taiwan operates at its own pace, especially after AD duties on Chinese HRC, and suggest CSC focus on completing AD measures against Chinese CR steel to secure long-term domestic stability.

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