Chung Hung Steel curtailed prices for November
Published: 27 Oct 2009 01:34:12 PSTOctober 27 MetalBiz--Taiwan's Chung Hung Steel has announced to cut its domestic prices for November.
The company's HR product price dropped by NT$1,500 per ton and the price for November is in the range of NT$17,700-17,800 per ton. The price of CR products decreased by NT$1,000 per ton to NT$21,750 per ton.
Although China's steel prices have rebounded, the price is hardly to rise due to the high stock level and weak demand.
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