Tags: hrc , crc , galvanized , wire , longs , flats , China , Hong Kong , Macau , Far East , CSC , consumption | similar articles »

At the meeting held on August 26, 2004, Taiwanese steel producer China Steel Corporation (CSC) determined to increase its sales prices for the domestic market for fourth quarter shipments. It is stated that the prices have been increased due to low inventory levels and increased demand. Moreover, CSC stated that they decided to hike prices to catch up to international market prices. Price increases, ranging between NTD 500-900/ton ($15-26/ton), on product basis are as follows:

Products                              up by

Steel plates                NTD 500/mt (approx. $15/mt) 
Bars/wire rods              NTD 570/mt (approx. $17/mt)
Hot rolled sheet/coils      NTD 500/mt (approx. $15/mt)
Cold rolled sheet/coils     NTD 630/mt (approx. $18/mt)
Electro galvanized sheets   NTD 500/mt (approx. $15/mt)
Electrical sheets           NTD 900/mt (approx. $26/mt)
HDG sheets                  NTD 710/mt (approx. $21/mt)