Posted on 09 Apr 2008
with the Australian coke supplier has more than doubled; this situation will
cause global steel mills' steelmaking costs to soar.
Taiwan's China Steel Corp's (CSC) management said that
actually its second quarter steel price is still lower than the global steel
market price; therefore, this is already a major cause pushing CSC to raise its
price in third quarter.
Now, the cost for iron ore and coke has soared to levels
much higher than expected. CSC's steel price will surely be raised in the third
quarter.
