Posted on 17 Jun 2026
China Steel Corp (CSC, 中鋼), Taiwan’s largest integrated steelmaker, yesterday cut its price quotes by NT$300 per tonne for domestic delivery next month for certain items, ending six straight months of price hikes on lower supply.
The prices of hot-rolled coils, hot-rolled plates and regular cold-rolled plates would drop by NT$300 per tonne, CSC said in a statement.
However, the company kept the prices unchanged for electrical steel coils, electro-galvanized steel coils, and galvanized steel coils used to make home appliances, computers and construction, it said.
The decision aims to “align with market dynamics and safeguard the competitive edge of downstream industries,” the company said.
CSC’s price adjustments came as Vietnam’s Hoa Phat Group and Formosa Ha Tinh Steel Corp (台塑河靜鋼鐵興業) lowered steel prices by between US$14 and US$23 per tonne for next month.
However, China’s Baoshan Iron & Steel Co (寶鋼) prices for next month are unchanged, while US and European steel mills continued to see prices consolidate at a high range, CSC said.
Meanwhile, CSC yesterday raised domestic steel prices by up to NT$1,000 per tonne for steel plates, steel bars, hot-rolled plates, hot-rolled coils and cold-rolled coils next quarter due to elevated production costs.
The company also increased prices by NT$500 per tonne for steel products used in car manufacturing, it said.
“Costs have been growing at a pace exceeding the company’s expectation and CSC has to reflect such increases appropriately,” the company said.
Prices of major raw materials have been hovering at high levels, with iron ore priced at US$100 per tonne and coking coal priced at US$240 per tonne, it said.
CSC swung into profit last month with pre-tax profit of NT$485 million (US$15.37 million) after reporting pre-tax losses of NT$967 million and net losses of NT$2.45 billion in the first quarter of this year.
Source:Taipei Times
