Raw Material Costs: Fluctuations in iron ore and coal prices, key inputs for steelmaking, directly impact cost pressures and profitability.

Global Steel Demand: Economic activity in major steel-consuming regions like China significantly influences demand and therefore prices.

Government Policies: Tariffs, trade restrictions, and environmental regulations can alter the competitive landscape and production costs.

Currency Exchange Rates: Changes in the value of the New Taiwan Dollar (TWD) relative to other currencies affect import/export competitiveness.

Domestic Economy: Taiwan's overall economic health, including construction and manufacturing sectors, drives local steel consumption.

Company Performance: Company-specific factors, such as production efficiency and sales volumes, will dictate profitability.

Interest Rates: Higher interest rates can increase borrowing costs for steel companies and impact investment decisions.

Market Sentiment: General investor confidence and speculation can play a role in short-term price fluctuations.