It's reported that the Taiwanese steel pipe producers announced to hike list prices by NT$800~NT$1,300/ton for September in order to reflect higher input costs. It's learned that Chung Hung Steel, the major upstream material suppliers to steel pipe makers in Taiwan increased its list prices for hot rolled (HR) and cold rolled (CR) steel products by NT$600/ton respectively and hiked the list prices for galvanized steel products by NT$1,000/ton. The steel pipe makers said that they have no choice but to raise the prices for September due to higher input costs. Besides, it's expected that the steel pipe prices would rise further in October as the steel prices are increasing in the international market.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66069&division=A4
