Taiwanese steelmaker China Steel Corporation (CSC) said it will raise prices for selected flat steel products for February sales, citing higher steelmaking costs and an improving global demand outlook.
The company’s prices for hot-rolled steel (commercial and rerolling grades), cold-rolled commercial quality, electro-galvanized, galvanized and electrical steel will increase by TWD 300 (USD 9.5) per ton.
CSC said the adjustment reflects a more supportive macroeconomic environment, including monetary easing in major economies, signs of recovery in European demand, and policy measures in China aimed at boosting domestic consumption and construction activity.
Rising raw material costs also weighed on pricing decisions, with iron ore holding around USD 105-110 per ton and metallurgical coal firming to USD 215-220 per ton. The company noted that overseas steel prices, particularly in the US and Europe, have continued to trend higher, while Asian export prices have also firmed, supported in part by moves from mills such as Baosteel.
CSC added that low end-user inventories and gradually improving supply-demand conditions are encouraging restocking, supporting a cautious upward adjustment in its February price list.
1 USD / 31.6 TWD
