Taiwan’s Sinkang foresees promising outlook for Q4 stainless steel market
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Update time : 2025-08-04 15:46:14
Sinkang Industries Co., Ltd., a stainless steel coil and sheet processing company in Taiwan, foresaw a positive shift in the steel market, with recent steel prices stabilizing at a higher level. Chairman Tsai Cheng-Ting said that market uncertainty has decreased following the announcement of reciprocal tariffs by the US and China's strict production cuts and infrastructure push.
Tsai expected the market sentiment to turn optimistic in the fourth quarter of this year or the first quarter next year. Despite headwinds in the first half of the year, including US reciprocal tariffs and a sharp appreciation of the New Taiwan dollar, he believed the market would stabilize in the second half.
Besides, Taiwan's potential anti-dumping investigations against imported cold-rolled stainless steel from Vietnam, which could reduce low-priced imports, are also expected to help stabilize domestic steel prices, said Tsai.
