Taiwan's China Steel decreased the domestic price of steel which deliver in October and November. Prices of hot-dip galvanized fall by NT $ 328 / ton, cold-rolled prices down by NT $ 213 / ton, steel plate and hot rolled coil prices separately decreased by NT $ 82 / ton and NT $ 35 / ton, galvanized sheet, bar and electrical steel prices remain unchanged.

Taiwan's China Steel did not disclose the specific price after adjustment, it is estimated that the price of cold and hot rolled coil are NT $ 17204 / ton and 14516 NT $ / ton separately.

Taiwan's China Steel said the price decrease could promote order conclusion and enhance the market confidence. It is expected that the downstream user would fill stock in fourth quarter.

                                                      XINSTEEL NEWS