Chung Hung Steel Corporation (CHSC), a Taiwan-based carbon steel producer under China Steel Corporation (CSC), announced price hikes yesterday (February 5) for March domestic sales and April exports.

Domestic rates for hot-rolled, cold-rolled, and galvanized steel will all rise by NT$500 per ton. Export prices for April will involve individual negotiations based on specific products and regional market conditions.

The company said its decision was due to strong raw material costs and price increases from major global steelmakers, which spurred downstream inventory replenishment. Improving manufacturing PMI data across various nations and easing real estate policies in China indicate a stabilizing global trade environment.

By implementing this moderate adjustment, Chung Hung Steel aims to reflect current market trends while assisting customers in their sales expansion as global economic growth remains steady.