China Steel Increases Q4 Prices
August 21
00:00
2003
China Steel Increases Q4 Prices
Jason Sandefur
China Steel Corp. of Taiwan raised domestic steel prices by an average of 3% during the fourth quarter of 2003. The hike is the seventh quarterly price increase in a row, according to Dow Jones International News. Wire rod prices will increase to $8.31 per metric ton. China Steel said the increase was due to increased demand following the SARS outbreak and a general supply shortage in Asia. As Taiwan�s only integrated steel mill, China Steel price structure influences steel prices throughout Taiwan. Nearly 80% of its output is sold locally. �2003 FastenerNews.com
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