[Ferro-alloys.com] According to Taiwan’s Statistical Office of the Ministry of Economy data showed, the country‘s export orders amounted US$350.3 billion in August, decreased of US$1.26 billion m-o-m, or decreased of 3.5% y-o-y. 

It is including basic metal orders dropped 8.5% in August month on month, the annual reduction rate of 21.9%. Meanwhile, the country’s export orders were declined for five consecutive months.

Market participants pointed out that the international steel market will continue to be weak in the short term, the steel market demand doesn’t expect to improve in Q4 this year.

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• [Editor:Chen Lian Hai]