China Steel Corporation (CSC) announced it will increase prices for some steel products for January deliveries. The company will raise prices by TWD 300 (USD 9.5) per ton for HRC and plates in commercial quality, HRC for rerolling, and CRC in commercial quality, while prices for galvanized, electro-galvanized, and electrical steel products will remain unchanged.
CSC said the global economy is showing moderate growth, supported by easing monetary policies in the US and Europe, while China’s continued focus on boosting domestic demand is expected to support commodity consumption. In Taiwan, demand linked to artificial intelligence remains a key driver of exports, with economic growth forecast at 3.54pct next year, although traditional industries are likely to face a slower recovery.
The company cited rising raw material costs, with iron ore prices at USD 105-110 per ton and metallurgical coal around USD 215 per ton, alongside higher global steel prices. CSC also noted signs of stabilization in China’s domestic steel market, recent price increases by major Chinese mills, and the introduction of a steel export licensing system from January, which is expected to limit Chinese exports and support Asian steel prices.
CSC said the international steel market appears to be bottoming out, with prices expected to remain broadly stable and trend slightly higher in the near term. For January and the first quarter, the company will adopt flat-to-higher pricing to balance cost pressures, market conditions, and cautious downstream buying sentiment.
1 USD / 31.5 TWD
