CSC to raise steel product pricesCAPACITY CONSTRAINTS: The steelmaker said that signs of a global manufacturing recovery are clear and that a 4.1% rise in global steel demand has been predictedBy Angelica Oung / Staff reporterChina Steel Corp (CSC, 中鋼), the nation’s biggest steelmaker, yesterday said that it would raise prices by 8.3 percent on a quarterly basis for local deliveries next quarter, citing strong demand and rising raw material prices. Steel prices for next month are to rise 1.7 percent, CSC said. “Demand for automobiles, basic infrastructure and appliances is rapidly increasing.”“The World Steel Association predicts an increase in global steel demand of 4.1 percent,” CSC said. CSC cited high costs of raw materials, such as iron ore, scrap steel and smelting materials, for its increase of average steel prices. For quarterly priced products, steel boards are to rise NT$2,500 per tonne, hot-rolled high-carbon steel by NT$2,800 per tonne and automotive steel by NT$2,800 per tonne, it said.

Source: Taipei Times March 12, 2021 15:56 UTC