Taiwan’s steel pipe export market shifts from US to Canada, Australia
According to the reports, the US market is no longer the preferred region of Taiwan’s five largest steel pipe mills, which have begun to alter their way of export destinations to Canada and Australia.
The analysis pointed out that after the 25% steel tax imposed by the US under Section 301, even if the prices of international hot-rolled steel and global oil prices have recently risen sharply, US distributors can still only accept low-priced imported 5CT tubing.
After the assessment from Taiwan’s steel pipe mills, it was found that the profits in the US market were quite limited, so they began to diversify the export market.
The steel pipe mills stated that the US market is too competitive and the demand for drill tubing is falling, while the consumption of steel pipes in Australia and Canada has room for growth.
