11/23/2012 12:30:00 PM
NEWS BRIEFS
Taiwan’s China Steel Hikes 2013 Prices

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Taiwan’s China Steel Corp. (CSC) raised prices on rolled steel starting in 2013, prompted by stable raw materials prices and rising global steel prices, Yieh Corp. reports.
For January and February, CSC increased list prices for hot rolled steel by NT$281/ton and cold rolled steel by NT$56/ton.

CSC cut the list prices for steel plates by NT$217 and hot dipped galvanized steel products by NT$175/ton, according to Yieh Corp.

Chung Hung Steel of Taiwan is expected to follow suit on November 23, when it unveils its price structure.

Taiwan steelmakers are following the lead of steel mills in China, such as Baosteel, Wuhan Iron and Steel Corp. (Wisco) and Ansteel, which increased prices for December. 

“Industry sources indicated that the Chinese steelmakers’ price rise for December would help to stabilize the steel market,” CENS.com reports. ©2012 GlobalFastenerNews.com