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Taiwan’s CSC: Global steel price to not drop by easing trade war between EU & US

10 Jun 2021 16:45 reported by Jordan Huang

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According to the market news, the EU and the US both agreed to cancel the punitive tariffs on aluminum and steel products both.

By the view of China Steel Corporation, one of the Taiwanese steelmakers, the situation might pressure the steel market price slightly in short term, but the current market demand was still much higher than the demand, which might support the steel price to remain in the high class.

Most of the market participants were observed that whether the situation would influence the steel market price in Asia.

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