Taiwan's largest steelmaker, China Steel Corp (CSC), has raised prices for domestic deliveries in November, following a recovery in the Asian steel market spurred by China’s economic stimulus. CSC increased prices by up to NTD 1,200 (USD 37) per ton across all steel categories.
The company raised prices for HRCs by NTD 1,200 (USD 37) per ton, hot-rolled plates by NTD 900 (USD 28) per ton, and galvanized steel coils used in construction by NTD 900 (USD 28) per ton. CRCs, electro-galvanized steel coils, and electrical steel coils saw a rise of NTD 700 (USD 22) per ton.
The global steel market is benefiting from China’s measures to stimulate demand, pushing up commodity prices. Raw material costs also surged, with iron ore rising to USD 110 per ton and coking coal exceeding USD 200 per ton, driving up production expenses.
Globally, steel prices have followed this trend. ArcelorMittal raised HRC prices by USD 44 per ton, while China’s Baowu Steel and Angang Steel increased steel plate prices by USD 71 to USD 79 per ton. Vietnam’s Formosa Ha Tinh Steel raised HRC prices by USD 30 per ton.
Despite a slight decline in Taiwan’s automobile sales this year, steel demand in the sector remains high. Global steel demand is expected to grow 1.2% in 2025 after a forecasted decline this year, according to the World Steel Association.
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