Taiwan’s China Steel Corporation (CSC) has reduced domestic prices for selected flat steel products by TWD 800 (USD 25) per ton for August 2026 deliveries, reflecting weak regional market conditions and sluggish downstream demand.
The price cut applies to hot rolled coil (HRC) rerolling and commercial grades, cold rolled coil (CRC) commercial quality, electro-galvanized (EG), coated steel and electrical steel products.
CSC said the global economic outlook remains uncertain as renewed tensions in the Middle East have increased inflationary risks, prompting the US Federal Reserve to maintain a cautious stance on interest rate cuts. The company also noted that China’s property sector remains weak, while manufacturing activity continues to face headwinds from soft demand and elevated financing costs.
In the steel market, CSC said seasonal weakness in Asia, slowing steel consumption in China, high iron ore port inventories and oversupply continue to weigh on prices. Vietnamese producers have recently lowered HRC offers, while increasing trade protection measures in major markets are disrupting global steel trade.
The company added that domestic steel prices have followed the downward trend in Asia, with weak end-user demand encouraging buyers to delay purchases. The August price adjustment is intended to help downstream customers remain competitive and support order intake during the current market slowdown.
China Steel Corporation (CSC) is Taiwan’s largest integrated steel producer, established in 1971 and headquartered in Kaohsiung. The company has a total consolidated steel production capacity is approximately 15.9 mln tons per year, including subsidiaries such as Dragon Steel. CSC produces a wide range of flat and long steel products.
1 USD / 32.1 TWD