It’s reported that China Steel Corp. (CSC), the largest steelmaker in Taiwan may follow the Chinese steel mills' step to raise its list price slightly for next January and February.
It’s learned that the major steelmakers in China such as Baosteel, Wuhan Iron and Steel Corp. (Wisco) and Ansteel have all announced to increase the prices for this December.
Market analyst expected that steel market prices have almost bottomed out.
Besides, the iron ore prices have increased by 37% from US$88/ton in early September to about US$120/ton recently.
Also, the steel prices have increased by 10% in the Chinese market since early September.
Affected by these factors, CSC may raise its list prices for next January and February in order to keep it profit rate.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=61654&division=A2
