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Taiwan’s Chung Hong has announced to hike its February steel list prices are at NT$200-1000/ton yesterday. It expects that Taiwan’s pipe producers will expect to increase steel pipe prices this Friday.
After adjustment, the domestic pre-galvanizing steel pipe prices will expect to increase by NT$1300-1500/ton, those for other steel pipe producers have already announced to hike its prices are about NT$800-1000/tons in early this week.
Market participants pointed out that, those for galvanized steel prices are likely to upward trend after Chinese Lunar new year, resulting Taiwan’s galvanized steel prices will remain stable.
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