China Steel Corp Hikes Steel Prices for December

China Steel Corp Hikes Steel Prices for December

Taiwan’s largest steelmaker China Steel Corp would raise steel prices by an average of 1.28 percent for domestic delivery in Decemer 2020, increasing

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

No stories found.
SteelGuru Business News