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Steel in Short Supply and Strong Demand in Taiwan
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2020-12-31
     Japanese steelmakers have paused taking orders for January 2021 and it follows that steel is in short supply and strong demand. Steel price for the first quarter of 2021 is sure to rise and is expected to continue the uptrend in the second quarter of 2021. New records have been set for 9 consecutive years for international iron ore price which has surged by over 80% since 2020. Taiwan CSC's steel price is to continue the uptrend in January and the first quarter of 2021. Demands for wire rods and steel plates are strong. CSC President expects the heyday of the steel market may continue through June 2021. Downstream companies see light at the end of the tunnel with their business operation recovering. 

     Tycoons expects the wire rod price to continue upwards. The company's export is turning around which is expected to remain so through the second quarter of 2021 and bring remarkable profits.
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GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS
 
 
2021-01-13
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