CSC to lift domestic steel prices

SUPPLY ISSUES: The steelmaker said that it was keeping to its principles of ‘smooth and stable pricing,’ while it called for industry discipline in an overheated market

Taipei Times
Date: Jan 14, 2021
By: Angelica Oung / Staff reporter

A worker walks past rolls of steel inside a China Steel Corp factory in Kaohsiung on Aug. 26, 2016.
Photo: Tyrone Siu, Reuters

China Steel Corp (CSC, 中鋼), the nation’s largest integrated steelmaker, yesterday said that it would raise domestic steel prices by 9.5 percent for delivery next month, with the hike exceeding market expectations.

The adjustment is the eighth straight month of increases for the Kaohsiung-based company.

Prices are to increase by NT$2,200 per tonne for hot-rolled steel, hot-rolled plates and electro-galvanized sheets, NT$2,500 per tonne for cold-rolled steel and NT$3,000 per tonne for electrical sheets, CSC said in a statement.

The company attributed the price hikes to increased raw material costs for steelmakers and robust demand for steel, it said.    [FULL  STORY]

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