CSC announces domestic sales prices for Q3

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.