Market Report, "Taiwan Metals Report Q3 2012", Published
The Taiwanese steel industry is bracing itself for a year of contraction in output as it faces increasingly hostile domestic and regional market trends. We expect 2012 production to decline to 21.8 million tonnes (mnt) from 22.7mnt in 2011. Aggressive property market cooling measures by the Chinese government has significantly affected the prospects of Taiwanese steel manufacturers. This situation is also exacerbated by the current glut in the steel market and the rising protectionist tendencies of European economies. Looking at...
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