Affected by weakness of the global steel prices, Taiwan's Chung Hung steel decreased the price of hot rolled coil and cold rolled coil again in May, while down there in June export offer. Among them, the price of hot rolled and cold rolled coils fell by NT $ 1200 / ton ($ 39 / mt), while quotations of all varieties of steel exports fell an average of about $ 30 / ton. Due to the presence of the final sale price discount, so Hung Steel did not disclose the specific offer.

In addition, as iron ore prices bottomed out, the market demand has picked up, Chung Hung Steel is expected April sales will reach about 160 thousand tons, sales targets, May sales may rising further to 190 thousand tons.

                                                                                                 XINSTEEL NEWS