December 03, 2008

Tung Ho Steel raises H beam price for the second times

Taiwan’s Tung Ho Steel announces to raise its H beam prices by TWD 1,700 per tonne for big size and TWD 1,900 per tonne for small size. This is the second time that the mill raises H beam price in March since it raised the price by TWD 2,500 to TWD 2,800 per tonne at the beginning of March.

As a result, the benchmark price is now increased to TWD 31,200 to TWD 31,400 per tonne from TWD 29,500 per tonne and the actual deal prices are made between TWD 30,900 and TWD 31,100 per tonne.

Additionally, Tung Ho Steel also hiked its surcharge by TWD 500 per tonne as the international scrap price kept rising during past month, up by more than USD 100 per tonne. This is the main reason that the mill raises H beam price.