Posted on 17 Mar 2008
The average export price for cold- and hot-rolled steel
coils, steel plates and wire rods for delivery in the first quarter is lagging
behind the international price by US$140 up to US$200 per metric ton. Besides,
such large-sized competitors as New Nippon Steel and JFE have recently raised
export prices by between US$200 and US$250 per metric ton, which has pushed CSC
to follow suit.
It is anticipated the
T.H. Chen, vice president of CSC's Commercial division,
noted his company is still collecting information on the development trend of
the international steel marketplace as reference for settling export prices on
the products for delivery in the second quarter. Pushed by the sharp surge in
such raw material as iron ore, CSC is expected to largely hike export prices on
the products for delivery in the second quarter.
CSC said it would increase supply of hot-rolled steel coils,
steel plates and wire rods to domestic market by cutting overseas sales because
of the production shortfall. But the company will maintain the export amount
for such products as cold-rolled steel coils, electro-galvanized sheets,
electrical sheets, and hot-dip galvanized steel coils.
In the past, the CSC exported 25% of annual output of 10
million metric tons of steel products to such major outlets as mainland
It is anticipated that CSC would drastically raise export
prices by between 25% and 30%, or between US$150 and US$200 per metric ton,
when it calls an export wholesale meeting by the end of March.
