Reportedly, the Taiwanese steel flat product market has remained sluggish recently even though China's export quotes of steel flat products have increased.
It's known that the international iron ore prices have surged sharply after the US announced the QE3 monetary policy, boosting the buyers to replenish the stocks in China.
Accordingly, the steel prices have soared by around CNY 200 to CNY 300 per tonne recently, supporting the country's export quotes of steel products to rise by USD 20 to USD 30 per tonne.
At present, China's export quotes of boron added hot rolled coils have increased to USD 525 to USD 530 per tonne C&F; that of normal HRC is at USD 535 to USD 540 per tonne C&F and that of steel plates have increased to USD 535 to USD 550 per tonne C&F.
However, the prices of steel flat products still remain weak in the Taiwanese market as buyers have sufficient stocks on hand.