Prices Increase for Domestic Sales in October and November Shipments of 2009

On September 3rd, 2009, China Steel Corporation (CSC) held the domestic pricing meeting for October and November of the fourth quarter of 2009 and announced the across-the-board price increase as shown in the following table. The average markup of CSC’s domestic steel price per metric ton is about NT$1,720. The price markup aims to narrow down the gap between the domestic and global steel markets where prices continue a strong rally as the global economy has bottomed out.

CSC lifts all steel prices by 8.61% to strengthen customers’ global competitiveness. Furthermore, in view of the recent catastrophic typhoon and flooding damages, the markup of steel plates is restrained to increase only 4.4% to help rebuild the local constructions and bridges.

Prices Increase for Domestic Sales in October and November Shipments of 2009

source: http://www.csc.com.tw/csc_e/nc/newsMain.asp?newsid=550