China Steel, Taiwan's top steel maker, said on Thursday it will raise its domestic steel prices by 19 percent in the second quarter from a quarter ago, as it passes on higher iron ore prices and freight costs to customers.
The rise, topping market expectations for a 15-16 percent increase, comes after larger rival China's Baoshan Iron and Steel recently raised its second-quarter price by 17-20 percent
No comments:
Post a Comment