Taiwan's CSC hikes HRC, CRC list prices for Oct sales

China Steel Corp (CSC), Taiwan's largest steel mill headquartered in South Taiwan's Kaohsiung, has decided to raise the list prices of its hot-rolled coil (HRC) and cold-rolled coil (CRC) by TWD 600/tonne ($19/t) each for local sales in October to partly offset higher production costs and the higher steel prices in the global market, according to the company's latest release published on its website.

CSC pointed out that prices of major steelmaking raw materials remained strong, lifting the production costs of local steel mills in Taiwan. For example, the price of iron ore has been hovering around $100/t, and that of metallurgical coal has increased by $50-65/t to about $275/t due to the