Taiwan’s China Steel Corp (CSC) hiked fourth-quarter steel prices by NTD 500-1,000 per ton for each type of steel, up an average of 3.36% – the largest single-quarter increase over the last two and a half years, Fastener World reports.  CSC is hoping to turn a profit after a year of losses.

CSC indicated further price increases in the coming months.

“After the lockdown in China was lifted, the Chinese manufacturing industry was the first to resume manufacturing activities,” according to Fastener World.

September hot/cold rolled steel prices in BaoGang and WuGang were raised by RMB200 to RMB260 per ton on average as the floods in China spur reconstruction, driving up Asian steel prices.

In response to price hikes, Taiwan’s fastener industry is seeking tailored steel pricing from CSC to gain an edge in future order intake, Fastener World reports.

Taiwan CSC’s Price Adjustments of Steel Products (Fastener Related Only) for Q4 2020: