CSC announces 4th quarter prices for domestic sales
According to recent news, Taiwanese producer China Steel Corp. (CSC) has announced its new prices for sales in the local market for the fourth quarter of 2005. The prices indicate a decline of NTD 750-2'500/ton ($23-77). The new prices are at the following levels:Product Price Hot rolled coil: NTD 15'720/ton ($487) Cold rolled coil: NTD 20'520/ton ($635) Electrical sheet: NTD 22'510/ton ($697) Electro-galvanized: NTD 24'850/ton ($769) Hot dip galvanized: NTD 24'620/ton ($762) Plate: NTD 18'790/ton ($581) Bar/wire rod: NTD 16'470/ton ($510)Please click here to see the price reductions per product. The rate of price reduction announced by CSC is well above the expectations and has brought down the domestic price close to the imports. Such fact urges buyers in Taiwan to consider asking foreign mills for a reduction in parallel, as for the current situation both domestic and import price delta has shrunk. However, the existing conditions in the international market might not be enough for such attempt to receive positive response. Therefore, buyers in Taiwan prefer to wait and see for the time being.