CSC raises domestic flat steel prices for December deliveries

Taiwan's China Steel Corporation (CSC) has announced a TWD 300 (USD 9) per ton increase in domestic prices for some flat steel products for December deliveries.

The increase applies to commercial and rerolling-grade hot-rolled coils, commercial hot-rolled plates, commercial cold-rolled coils, electro-galvanized coils and hot-dip galvanized coils for building and paint applications.

CSC said the price adjustment reflects strengthening steel prices in some international markets, rising downstream export orders and increased domestic procurement demand, supported partly by the depreciation of the Taiwanese currency.

The company added that iron ore and metallurgical coal prices remain relatively high, keeping pressure on steelmaking costs. Steel prices in the US and Europe have also remained firm, while production controls in China have supported the broader market.

China Steel Corporation (CSC) is Taiwan's largest integrated steel producer, established in 1971 and headquartered in Kaohsiung. The company has consolidated steel production capacity of approximately 15.9 mln tons per year, including subsidiaries such as Dragon Steel, and produces a wide range of flat and long steel products.

1 USD / 32.8 TWD