CSC hikes third quarter domestic prices of certain products

CSC hikes third quarter domestic prices of certain products

Taiwan's major steel making mill China Steel Corp. (CSC) announced its new domestic prices for the third quarter, yesterday. The company adjusted up prices of three products and others remained unchanged from the second quarter. The products, domestic sales prices of which have been adjusted upwards are cold rolled by NTD 332/mt (approx. $10/mt), electromagnetic steel sheets by NTD 500/mt (approx. $14.5/mt), and electro-galvanized steel by NTD 800/mt (approx. $23/mt). CSC explained that the decision to increase the prices was taken considering the fact that Asian market price levels are higher than CSC domestic price levels and to match the international market, such increase was necessary. Yet, CSC still considered the customers' international competitiveness; and in line with such concern, the company decided to leave prices of the remaining products at the same level as Q2.