Taiwan’s leading steel producer, China Steel Corporation (CSC), has kept its finished steel product prices unchanged for Aug’21 sales despite rising raw material (iron ore and coking coal) prices. Prices of iron ore and metallurgical coal have both exceeded the $200/t mark, as per the company’s recent statement. However, considering a local Covid-19 outbreak and downstream firms’ competitiveness, the company said it would focus on stabilising steel prices and encouraging steady development of the market.
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