October 11, 2008

Taiwan\'s pipe producers facing difficult times

YIEH reported that after Taiwan Chung Hung Steel has made its domestic price announcement for March shipments, Taiwan’s pipe mills began to worry about the future market situation.

The average rate of Taiwan Chung Hung Steel's price has risen by about 18% this month, causing Taiwan’s pipe mills to increase its new black pipe price about TWD 3,500 to TWD 4,000 per tonne. Therefore, the new price will be about TWD 27,500 to TWD 28,000 per tonne the highest level in the history.