Posted on 08 Sep 2008
Global steel prices have continuously risen, especially for high quality steel products. On the other hand, one factor might cause tight supply.
The CEO of SSI said that because of the raising raw material cost, SSI will raise its price no less than 10 percent. However, the slow demand made SSI not raise its September shipment price. Prices for the fourth quarter are expected to up to US$1,100 to 1,200/ton.
Current prices are prevailing at US$900~1,000/ton on average.
