No Change in Q4 China Steel Prices for Taiwan Fastener Manufacturers
No Change in Q4 China Steel Prices for Taiwan Fastener Manufacturers
John Wolz
Bar and rod prices will be unchanged in the fourth quarter of 2007 for Taiwan fastener manufacturers, China Steel announced.
Among seven products, China Steel is raising only steel plate and electric sheet prices.
Fastener World magazine reported the average rise for the seven products “met the market expectation.”
Many midstream and downstream fastener suppliers attended the fourth quarter price announcement meeting.
“CSC pointed out that although its domestic price was already lower than current international market price,” Fastener World reported. “CSC decided to increase price of steel plates and electrical sheets only to respond to the recent short supply and strong demand worldwide. In order to look after the competitiveness of local steel downstream industries in the global market, considering steel price in Mainland China was still low due to over-production, CSC maintained the price level of 3rd quarter for most steel products in the 4th quarter.” �2007 FastenerNews.com and Fastener World
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