October 12, 2008

Taiwanese tube mills to raise prices in May

After Taiwan’s Chung Hung Steel announced to increase TWD 400 per tonne on its hot rolled product in May, domestic carbon steel and galvanized tube mills are going to raise the price.

As per report carbon steel tube mills will raise about 2%to TWD 600 this month. Current selling price is between TWD 32,000 to TWD 32,500 per tonne and new price is expected to reach between TWD 32,500 to TWD 33,100 per tonne.

On the other hand, galvanized tube mills are seeing to increase between TWD 500 and TWD 600 per tonne. However, some of the mills hope to observe the market a few days and expect to have new price this week.

(Sourced from YIEH.com)