China Steel Corporation (CSC), a leading carbon steel manufacturer in Taiwan, announced ahead of schedule that the domestic sales prices for all products in May were maintained, including cold-rolled/ hot-rolled coils, electro-galvanized (EG) steel coils, hot-dip galvanized steel coils, and electrical steel (ES) coils.

In response to the potential impact of the unclear US tariff policy on downstream industries, CSC said it will continue to observe policy developments and launch a variety of supporting solutions to help users receive orders in order to stabilize market confidence.

In the global steel market, the price of hot-rolled steel in the US remained stable at more than US$1,000/ton, while steel prices in Europe and Asia were stable. The prices of Baosteel and Formosa Ha Tinh Steel remained unchanged and increased slightly, respectively. In terms of raw materials, the iron ore price is US$95-100/ton, and coking coal fluctuates between US$175 and US$185.

Taiwan's Directorate General of Budget, Accounting and Statistics originally estimated the economic growth rate to be 3.14%. If the US’ high tariffs are implemented, Taiwan’s economic growth rate may be revised down by 0.5-1.5%.