Chung Hung Steel, one of the major carbon steel flat re-rolling mills in Taiwan, has announced to hike its new price for next January.
The company will raise its new price by NT$300/ton for hot roll and cold roll coils and increased prices for galvanized steel coils by NT$0~NT$300/ton.
Besides, Chung Hung Steel announced to hike its export price by US$10~US$20/ton for next February.
Industry sources said that Chung Hung Steel’s new price announcement means that China Steel Corp. will have the highly possibility to increase its new price for next March.
Meanwhile, the rising steel price in North America market is one of the major reasons to support Chung Hung Steel to hike its new price.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67934&division=A2
