Taiwan's CSC cuts steel list prices for Feb sales

China Steel Corp (CSC), Taiwan's largest steel mill headquartered in Kaohsiung of South Taiwan, has decided to cut its list prices of major steel products by as much as TWD 700/tonne ($25.4/t) for local sales in February to ease the pressure downstream steel users face, according to a company release on January 14.

"Most of our customers still need to sell in overseas markets after processing, and port congestion has not yet improved, leading to the accumulation in their stocks at hand and putting more pressure on them," CSC said. Besides, the Omicron variant of the COVID -19 virus is spreading fast in