Taiwan’s China Steel Corporation (CSC), the largest integrated steel maker in Taiwan, announced its new price list for October and the fourth quarter.
CSC increased the prices of hot-rolled plate/coil, hot-rolled coil, and cold-rolled coil by NT$500/ton for October. The prices of other products, such as electro-galvanized (EG) steel coil, hot-dip galvanized steel coil, and electrical steel (ES) coil, all remained flat for October.
For the fourth quarter, steel products like rod, steel plate, and cold-rolled and hot-rolled coil are all kept unchanged.
Iron ore prices rose above US$105/ton, and coking coal hiked to US$185-190/ton. Affected by the high raw material costs and the recovered steel market, Chinese steel mills resumed production, and Baosteel maintained the price for October. Meanwhile, Vietnam’s FHS hiked its hot-rolled coil price by NT$10/ton.
It is expected that the demand and steel price will be stabilized and even go up in the fourth quarter.