Taiwanese steelmaker China Steel Corporation (CSC) has announced a price increase of TWD 500 (USD 16) per ton for flat steel products sold in March, including hot-rolled (commercial and rerolling grades), cold-rolled commercial quality, electro-galvanized, galvanized and electrical steel.
CSC cited a gradually improving global demand environment and rising input costs as the main reasons for the adjustment. The company said manufacturing demand is stabilizing, encouraging inventory restocking, while expectations of U.S. interest-rate cuts and a weaker dollar are supporting international commodity prices. Economic conditions in the U.S. remain resilient, Europe is recovering steadily, and China’s trade-in stimulus measures are lifting domestic demand. The International Monetary Fund recently revised its global growth forecast for this year to 3.3pct from 3.1pct.
On the cost side, CSC noted that iron ore prices remain around USD 100-105 per ton, while metallurgical coal prices have climbed above USD 250 per ton, keeping steelmaking costs elevated. It also pointed to higher overseas steel prices, including continued gains in U.S. HRC and price support in Europe linked to carbon border measures. In China, lower crude steel output has improved supply-demand conditions, with major producers such as China Baowu Steel and Anshan Iron & Steel raising plate prices for March.
CSC said the price hike aligns its domestic pricing with international market trends while reflecting higher production costs. The company added that it aims to support downstream industries through tailored pricing solutions as demand gradually recovers.
1 USD / 31.6 TWD
