Taiwan's Chung Hung Steel to up its latest prices sharply
After Taiwan's China Steel Corp.(CSC) released its latest price yesterday, Chung Hung Steel(CHS), the subsidiary company of CSC, has also made its new price announcement today.
The company has surged its HR coil price by NTD$2700/ton, CR coil by NTD$2200 to 2400/ton and GI price by NTD$3200/ton which are all higher than most expectations by market analysts.
For export prices, CHS has not released its prices. However, it may lift by over USD$100/ton. CHS's new HR price will be about NTD$23000 to 24500/MT, CR price to be NTD$25500 to 26000/MT and CGI price to be NTD$28400 to 28700/MT.
The company has surged its HR coil price by NTD$2700/ton, CR coil by NTD$2200 to 2400/ton and GI price by NTD$3200/ton which are all higher than most expectations by market analysts.
For export prices, CHS has not released its prices. However, it may lift by over USD$100/ton. CHS's new HR price will be about NTD$23000 to 24500/MT, CR price to be NTD$25500 to 26000/MT and CGI price to be NTD$28400 to 28700/MT.
The CR price slightly down in Shanghai
Reportedly, the prices of cold rolled coil (CRC) have slid in line with HR coil's price in China’s Shanghai market .
At present, Angang’s 1.0mm CRC are quoted at RMB5, 650/ton, down by RMB50~RMB100/ton in comparison of last week.
Market participant forecasted that the CRC price would keep moving upward due to high raw material cost despite slow demand in China.
At present, Angang’s 1.0mm CRC are quoted at RMB5, 650/ton, down by RMB50~RMB100/ton in comparison of last week.
Market participant forecasted that the CRC price would keep moving upward due to high raw material cost despite slow demand in China.
The HR prices cool off in Shanghai
It’s reported that the prices of hot rolled coil (HRC) have cooled down in Shanghai market in this week. .
The prices have slid by RMB100-150/ton averagely in comparison of that in last week. At present, the price of Q235 HRC in dimension of 2.75mm x 1250mm was at RMB4880-4900/ton; that of Q235 HRC in dimension of 4.75mm~11.5mm x 1500mm was at RMB4, 630-4,670/ton; that of Q345 HRC in dimension of 4.5mm~11.5mm was RMB4850-4900/ton.
However, some said that the price may rise again since the raw material price is going upward.
The prices have slid by RMB100-150/ton averagely in comparison of that in last week. At present, the price of Q235 HRC in dimension of 2.75mm x 1250mm was at RMB4880-4900/ton; that of Q235 HRC in dimension of 4.75mm~11.5mm x 1500mm was at RMB4, 630-4,670/ton; that of Q345 HRC in dimension of 4.5mm~11.5mm was RMB4850-4900/ton.
However, some said that the price may rise again since the raw material price is going upward.
China's steel prices reported to back to normal
Following Baosteel's pricing action, Hebei Iron and Steel has also hiked the ex-factory prices for by hundreds of RMB.
At the same time, China’s domestic steel prices have withdrawn for the first time since the Chinese New Year holidays.
According to industrial insider, the current correction on prices has to do with the market reaction against the previous price hike.
However, as the weather has become warmer after the Spring Festival, it helps support construction industry and steel prices. It is said the price hike for steel products in the past weeks has already surpassed the production costs.
Besides, due to tight supply of raw materials such as iron ore and coking coal in the global market, it’s estimated that rising raw material costs will provide strong supports for steel products.
At the same time, China’s domestic steel prices have withdrawn for the first time since the Chinese New Year holidays.
According to industrial insider, the current correction on prices has to do with the market reaction against the previous price hike.
However, as the weather has become warmer after the Spring Festival, it helps support construction industry and steel prices. It is said the price hike for steel products in the past weeks has already surpassed the production costs.
Besides, due to tight supply of raw materials such as iron ore and coking coal in the global market, it’s estimated that rising raw material costs will provide strong supports for steel products.
CSC hikes steel plate prices for Apr./May delivery
Reportedly, China Steel Corp. (CSC) announced to increase the steel prices for April/May delivery yesterday.
Among them, the prices of steel plate have increased by NT$2,900/ton averagely; that of SS400/A36 steel plate has soared by NT$3,100/ton; that of hot rolled steel plate has hiked by NT$3,000/ton; that of AP steel plate have raised by 3,500/ton and that of shipbuilding steel plate have been up by 2,900/ton respectively.
Among them, the prices of steel plate have increased by NT$2,900/ton averagely; that of SS400/A36 steel plate has soared by NT$3,100/ton; that of hot rolled steel plate has hiked by NT$3,000/ton; that of AP steel plate have raised by 3,500/ton and that of shipbuilding steel plate have been up by 2,900/ton respectively.
CSC hikes steel prices by 12.1% on average for April and May
China Steel Corp. (CSC) announced the latest prices for April and May delivery. The company has decided to raise its all product prices by 12.1% on average as same as the market’s forecast.
After adjustment, the latest prices of steel plate, wire & bar, HRC and CRC have increased by NT$2,949/ton, NT$2,500/ton, NT$2,945/ton and NT$2,747/ton respectively.
Also, the prices of electronic galvanized steel, electrical steel coil and hot dipped galvanized steel have surged by NT$3,500/ton, NT$2,000/ton and NT$3,167/ton.
After adjustment, the latest prices of steel plate, wire & bar, HRC and CRC have increased by NT$2,949/ton, NT$2,500/ton, NT$2,945/ton and NT$2,747/ton respectively.
Also, the prices of electronic galvanized steel, electrical steel coil and hot dipped galvanized steel have surged by NT$3,500/ton, NT$2,000/ton and NT$3,167/ton.
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