China Steel lifts prices 1.32% next month, in Q4By Angelica Oung / Staff reporterChina Steel Corp (CSC, 中鋼) yesterday said it would raise prices for domestic deliveries by 1.32 percent next month and for next quarter to reflect higher manufacturing costs and rising steel demand. “We are heading into the fourth quarter, traditionally the strong quarter for steel demand,” the company said in a statement. Prices of steel plates, hot-rolled steel, hot-rolled steel rolls, electroplated steel rolls and automotive steel would increase by NT$1,500 per tonne, while rod material prices would rise by NT$1,000 per tonne, it said. US steel prices keep breaking records, with hot-rolled steel priced at US$2,100 per tonne and cold-rolled steel nearing US$2,400 per tonne, it said. “The overall cost of raw materials remains high, which will support international steel prices,” the company said.

Source: Taipei Times September 15, 2021 15:56 UTC