Taiwan’s Chung Hung Steel has announced to raise its domestic price list for July by TWD 2,000 to TWD 3,000 per tonne as expected and China Steel Corp has also increased its price.

In terms of export market, CHS increases its CR price by USD 80 per tonne for August shipments and CSC raises the third quarter price by USD 200 to USD 230 per tonne.

Currently CSC’s export price to Southeast Asia is being quoted between FOB USD 1,200 to USD 1,205 per tonne and CHS’s price is around FOB USD 1,210 to USD 1,225 per tonne. Besides, downstream mills are expected to follow the step to hike price of flat products.