China Steel Corporation (CSC), the largest carbon steel manufacturer in Taiwan, announced its new prices for February yesterday (January 13), with an increase of hot-rolled, cold-rolled, and galvanized steel by NT$2,200-2,500/ton.

Chung Hung Steel Corporation (CHSC), a carbon steel producer under CSC was expected to follow CSC’s price increase, and prices for certain products may be even higher.

According to market participants, the price increase of hot-rolled steel was expected to be similar to CSC’s adjustment at NT$2,200-2,400/ton, while that of cold-rolled steel and galvanized steel may be up to NT$2,500-3,000/ton.