The company stated that trade uncertainty has diminished with the clarification of the U.S.’s reciprocal tariff policies, and that expectations of the Federal Reserve potentially cutting interest rates before the end of the year could lead to a stable recovery in the commodity market. Meanwhile, the IMF raised its global economic growth forecast for this year from 2.8% to 3.0%. Taiwan’s second-quarter economic growth reached 7.96%, and the full-year growth rate is expected to surpass the previously estimated 3.1%.
While coal and iron ore prices have risen, hot-rolled steel prices in the U.S. remained steady at $950 per ton. In Europe, hot-rolled steel prices increased by €20 per ton due to rising demand after the summer holidays. In China, environmentally friendly production restrictions and low inventory levels are putting upward pressure on steel prices.
China Steel Corporation noted that global steel prices are steadily increasing but pointed out that downstream and export sectors are still facing pressures from customs duties and exchange rates. The company will moderately raise prices for its September products and will offer diversified support programs to downstream industries.
The price adjustments for September are as follows:
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A price increase of 600 NTD (or USD equivalent) per ton will be applied to hot-rolled steel plates and coils, hot-rolled steel coils, and cold-rolled steel coils.
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A price increase of 500 NTD (or USD equivalent) per ton will be applied to electro-galvanized steel sheets, hot-dip galvanized steel coils and sheets, and electromagnetic steel sheets.
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