December 02, 2008

Chung Hung increases prices

In order to respond to the rising slab price, Chung Hung Steel in Taiwan has added TWD 2,000 to TWD 3,000 per tonne in July and could continue to raise its price in August.

However, current weak demand, cheaper imports from China and slowing buying activity has led market prices to plunge by TWD 1,000, which creates a dilemma for CHS in deciding its August price list.

It is said by market analysts that the company will still raise its prices because global slab prices are remaining at high levels.

(Sourced from YIEH.com)