The management of Taiwan Dragon Steel forecasts that H beam prices will continue to rise in the next half. The main reasons are the global scrap and billet price continuing to stay high along with strong demand; H beam will maintain its high price level.
The other major H beam supplier, Tung Ho Steel has raised its June shipment price by TWD 1,500 per tonne pushing its new price to TWD 36,500 per tonne.
In the following half year, high demand will come from panel mills and electrical mills for plant expansion projects; therefore, the H beam price has no reason to decline in the Taiwan market.
(Sourced from YIEH.com)
