December 03, 2008

CSC may raise Q3 prices by 20%

The Commercial Times without saying where it obtained the information reported that China Steel Corp may raise the price of steel it sells to the domestic market by 20% in the third quarter from the second quarter to cover higher costs.

A Chinese language based newspaper said that productions cost at China Steel has increased by USD 140 per tonne because of higher coal prices and China Steel will announce prices for the third quarter after its board meets at the end of May.