CSC revised domestic sales prices upwards for Q2
According to a recent announcement by the Taiwanese steel producer China Steel Corp. (CSC), they have decided to raise domestic sales prices of certain steel products for the second quarter in order to level its prices with international markets. However, following the increase, sales prices for the domestic market are still rather low compared to international prices, which were triggered by constantly surging raw material and freight costs. Price increases effective for domestic shipments of certain flat products as well as bars and wire rods are as follows.Products up by Bars&Wire rods NTD 2'700/ton ($81/ton) Plates NTD 3'200/ton ($96/ton) HR sheet/coils NTD 2'800/ton ($84/ton) HDG sheets NTD 2'600/ton ($78/ton) CR sheet/coils NTD 2'450/ton ($73/ton) Electro galvanized sheets NTD 2'300/ton ($69/ton) Electrical sheets NTD 1'900/ton ($57/ton)