CSC To Increase By Over $60 A Tonne
Taiwan’s largest steelmakers, China Steel Corporation (CSC), Taiwan`s largest has announced that it expects to raise the prices of its major products to be shipped in June.
CSC has accepted a 90% price hike in its iron ore supplies, effective from April 1 while prices for coke have risen by 55%. CSC estimates that steel refinery costs have risen by between US$170 and US$200 per metric ton and has announced that a price rise of $62.89 per tonne for goods to be shipped in June.
Despite the increase, CSC claims that its hot-rolled steel prices are still lower than those from steel mills in other Asian countries with current quotes at $605 per tonne, some $90-140 a tonne lower than those from China, Japan and Korea.
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