Taiwan’s carbon steel producer China Steel Corporation (CSC) is expected to announce flat to higher prices for its second-quarter steel bar and wire rod products. Although downstream screw manufacturers see a slow recovery, CSC’s first-quarter order grew by nearly 20% compared to the previous quarter to over 300,000 tons.

Global trends support this increase. Main Asian steel mills such as Baosteel and Ansteel raised their wire rod prices for March, and Chinese export quotes were also climbing.

Despite slight decreases in iron ore prices, sustained coking coal costs and a stable New Taiwan Dollar provide a steady cost base. After a period of price drops or stagnation, CSC’s upcoming second-quarter adjustment shows a definitive market bottom and a move toward recovery.