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China Steel Corporation (CSC)—Taiwan’s leading carbon steel producer—has announced a uniform price hike of NT$300 per tonne across all steel product categories, effective February. B50A230 Non oriented electrical steel, The price adjustments apply to hot-rolled coils and plates, cold-rolled coils, electro-galvanized (EG) coils, hot-dip galvanized coils, and electrical steel (ES) coils.
CSC stated that this price increase is primarily a response to rising production costs. Current prices for iron ore and coking coal remain at elevated levels, exerting sustained pressure on steelmakers' costs.
Sinosteel also noted that the global economic landscape is stabilizing. B50A230 Non oriented electrical steel, Expectations regarding U.S. interest rate cuts are gradually materializing, while fiscal stimulus measures implemented in Europe and China are driving a recovery in end-market demand. Furthermore, steel prices in both the U.S. and Europe have already begun to show an upward trend.
Sinosteel anticipates that, given that market inventory levels remain relatively low, a new inventory restocking cycle is poised to commence. B50A230 Non oriented electrical steel, Through this price adjustment, the company aims to promptly reflect market dynamics while encouraging downstream clients to secure resources in advance of a broader upturn in industry conditions.
