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Taiwan's CSC may earn transfer order from POSCO plant explosion

26 Nov 2020 16:23 reported by Jordan Huang

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According to the market news, POSCO, one of the leading steelmakers in South Korea, faced a plant exploration on November 25th, which caused the Asian steel market surprised.

However, China Steel Corporation (CSC), one of the Taiwanese leading steelmakers, seemed to benefit from this situation, as its selling quotas for December have already been totally sold, and the strong-demand condition might continue to the next January.

Moreover, the global steel industry showed over-demand currently, many of the countries did face an increasing price trend, most of the market participants were optimistic about the future of CSC's operation.

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