Taiwanese steelmaker China Steel Corporation (CSC) increased its local prices for the third quarter of 2006. The new prices are at the following levels:
Prices are per metric ton
Product Q3 2006 change
NT$ NT$
Plate 19,430 (approx.$605) 1,380
Wire rod 17,170 (approx.$534) 1,810
Hot rolled coil 16,010 (approx.$498) 2,230
Cold rolled coil 18,700 (approx.$582) 1,050
Electro-galvanized 25,350 (approx.$789) 500
Electrical sheet 18,310 (approx.$570) 500
Galvanized iron 25,190 (approx.$784) 1,690
1 USD = 32.1035 NT$
Reasons for CSC's price increase are stated as the tight global supply and the rise in zinc and iron ore costs.