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[Ferro-Alloys.Com]China Steel Corporation, one of Taiwan's leading steel suppliers, said that there are signs that steel product prices will soon bottom out in several major world markets because of an increase in demand in the fourth quarter.

Mr JC Tsou chairman of CSC said that orders for the company's steel plates in the fourth quarter have risen by 3% to 5% from a quarter earlier, when companies streamlined their inventories because of the sluggish global economy.

Mr Tsou said that due to the recovery in orders, product prices in the United States, China and Japan have stabilized to some extent, and the hope is that prices will begin to rebound by the end of this quarter.

• [Editor:editor]