Zhonghong's domestic sales price rose sharply in April.

(taken from Zhonghong official website)

[Reporter Lin Jinghua/Report from Taipei] Chung Hung (2014) today (23) offered domestic sales in April and export prices in May, domestic sales including hot-rolled, cold-rolled, and galvanized are all increased by 1,000 yuan.

For export, it depends on the product and region, and the increase is 30 to 60 US dollars per ton. The actual quotation depends on the local market conditions.

Zhonghong pointed out that some banks in Europe and the United States experienced a crisis of insufficient liquidity, but the local government and the central bank responded quickly to stabilize the situation. The probability of a systemic financial crisis is limited, and the global economy will still operate steadily.

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Zhonghong said that the current demand for downstream procurement has picked up, and steel mills continue to increase their quotations. It is estimated that the demand for steel for post-disaster reconstruction in Turkey will be released, and the supply and demand of the steel market are still developing positively.

In addition, China's two sessions continue to pursue the keynote of economic recovery, and put the recovery and expansion of consumption in the first place, including commodities such as automobiles and home appliances; as the process of key infrastructure projects accelerates, it is expected that under the continued ferment of relevant favorable policies, the "Asian steel market" Will keep rising.

Zhonghong believes that the manufacturing industry in many countries around the world has bottomed out and rebounded. Under the support of supply and demand improvement and steelmaking costs, the target steel mills in various countries continue to "go up". It is expected that the traditional peak season will push the steel market upward. The outlook of the steel market, so domestic and foreign sales prices are adjusted up.

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