Taiwan’s China Steel Corporation (CSC) raised its price for April and the second quarter. As of March 22, because the foreign product prices were higher than CSC's, the monthly and quarterly orders from both local and foreign downstream buyers kept increasing.

CSC indicated that the inventories were forecasted to keep decreasing during the peak season in the second quarter, so buyers would refill their stocks.

Market participants indicated that steel prices were expected to increase in the short term, stimulating market demand.