The Russo-Ukrainian War has led European and American countries, as well as Japan, to impose economic sanctions against Russia, which could cause tension in the global raw material supply chain and lead to higher steel prices in the future. According to statistics, in 2021 Russia produced 76 million tons of crude steel in 2009, while Ukraine produced 21.4 million tons. analyzing the pmarket, it becomes clear that the two steel-producing countries will have their export shipments, as overseas buyers will also tend to be conservative and place orders with domestic factories. The market price is expected to fluctuate a lot.
Taiwan's China Steel Corporation (CSC) therefore planned to reduce export orders and switch to supplying products to Taiwan's local industry in the event of a risk of war. Yieh Phui, Taiwan's leading coated steel mill, accounts for 70% of export sales in 2021, and he will closely monitor the situation and adjust domestic and export strategies.
