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