Economic & Industrial

Taiwan’s domestic car market decline effects steel consumption

Taiwan’s domestic car market decline effects steel consumption
Mining News Agency -It was reported the Taiwan’s car market sales in the past two months were better than the same period last year.
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Mining News -However, the domestic car market share declined due to the appreciation of the NT dollar and the increasing acceptance of imported cars.

From January till to February, the import car market share reached to 45%. According to the marketing reported, the total import car market share would reach to 42~45% in 2018.

The demand for steel, including cold-rolled steel, galvanized steel and steel tube, also declined due to the drop in the domestic car sales in the previous two months.


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