CSC slightly adjusted down domestic prices for Jan. and Feb., 2010

November 27 MetalBiz--CSC issued domestic steel price for Jan. and Feb., 2010 on November 26. Taking the unsatisfactory orders in downstream industries as well as relatively weak demand in February of 2010 due to Spring Festival, in order to ensure the competitiveness of downstream customers, the company decided to keep prices of bar wire, HRC and electric galvanizing unchanged, prices of medium plate, CRC, electric steel and hot-dipped galvanizing all moderately decreased, averaged NT$280 per ton or 1.33%. The reduction is beyond of market players’ original expectation and surprised the market.

From the adjustment from CSC, the price of medium plate was declined 1,348 yuan per ton, hot-dipped galvanizing plate was cut 1,157 yuan per ton, electric steel was down 800 yuan per ton and CRC was decreased 129 yuan per ton.

The largest falling of heavy and medium plate is to resist the damage of the low-price resource from Japan-S.Korea and assist the reconstruction of Taiwan areas post disaster. CRC’s adjustment is aimed at the high-price automobile materials, the adjustment of electric steel is to fight with the steel mills in Japan and assist processing and export sales and hot-dipped galvanizing is set to compete with mainland resources