China Steel Corp Hikes Steel Prices for December
prices for six months in a row. For now, the prices for cold-rolled steel, hot-rolled steel, steel plates and steel rods would next month increase by NTD 300 per tonne, while the price for electro-galvanized steel would remain the same.
CSC said “The price hikes match an uptick in prices for hot-rolled steel as demand for materials used in the manufacturing of automobiles, home appliances and sports gear picked up in the US, Europe and India. In China, strong steel demand this quarter boosted prices for cold-rolled steel during the industry’s traditional peak season.”
Given the small price adjustment, China Steel might increase prices again in the first quarter of next year