Taiwan's CSC lifts flats export prices to Japan

China Steel Corp (CSC), Taiwan's top steel producer headquartered in Kaohsiung, is asking its Japanese customers to pay an extra Yen 15,000/tonne ($115/t) for its hot-rolled coils (HRCs) for shipments during next quarter (May-July delivery) to offset rising costs and in view of price hikes steelmakers elsewhere are pushing through for their flat products.

The Taiwanese mill began talking with its Japanese customers this week, Mysteel Global understands, arguing that its margins have worsened, and that prices elsewhere are rising. This week for example, China's Rizhao Steel raised its prices of commodity grade hot coils by $5/t to $685/t FOB while Baosteel and Anshan