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Taiwan’s CSC: Steel market to steadily rise next year

11 Dec 2023 17:19 reported by Ana Lee

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The Chairman of Taiwan’s China Steel Corp. pointed out that the steel market is expected to gradually stabilize in the first quarter of next year and will return to the upward path in the first half of the year. Based on the forecast from World Steel Association, global steel demand will grow by 1.9% next year compared with this year. The European and American steel markets are getting better, driving the recovery of the Asian market.

In addition, the government should impose high tariffs on imported low-priced high-carbon steel and call for encouraging the designated use of low-carbon steel for public projects to stimulate the development of the steel industry. CSC established a carbon management service team this year and will continue to work hard to serve downstream customers in the future.

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