Taiwanese China Steel drops five percent prices

Following the largest Chinese suppliers of the Wuhan Steel and Baosteel metal distribution, Taiwanese steel manufacturer, China Steel, announced a reduction in metal products in August by an average of 5%. China Steel was eager for this all June and July, holding the level of selling prices, but this company also had to make concessions to the consumer.

“China Steel Corp” remains today the largest Taiwanese manufacturer of sheet metal. As the results of the first half of 2012, the company produced 4.331 million tons of steel, which is 3.1% less compared to last year. Sales of metal rolling in June reached 735.773 thousand tons, and from the beginning of the year - 4.487 million tons.