Taiwanese steelmaker China Steel Corporation (CSC) announced it will maintain prices across its full flat steel product range for November deliveries. The decision reflects stable global economic conditions alongside a mixed recovery in steel demand at home and abroad.
CSC noted that while the OECD has raised its 2025 global growth forecast to 3.2pct, uncertainty around trade policies and tariffs leaves the 2026 outlook unchanged at 2.9pct. In Taiwan, strong exports of AI- and semiconductor-related products continue to drive growth, with GDP projected at 4.45pct this year despite weaker performance in traditional industries and slowing private consumption.
Raw material markets remain steady, with iron ore at about USD 105 per ton and metallurgical coal near USD 190 per ton. U.S. HRC prices have rebounded to around USD 900 per ton, while European steel trade faces shifts as the EU prepares to halve duty-free import quotas and impose a 50pct tariff on excess volumes. In China, authorities are reinforcing restrictions on new capacity, and the World Steel Association forecasts global demand at 1.75 bln tons in 2025, edging up to 1.772 bln tons in 2026, CSC added.
Regional signals also point to stability, with Baosteel pricing its November flat products flat-to-higher and Formosa Ha Tinh in Vietnam holding steady. CSC said that with demand recovering slowly and inventories being replenished only modestly, it will keep November prices flat to maintain competitiveness and ensure reliable order fulfillment while pursuing diversified strategies to support customers.
