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Chung Hung Steel Raises October Domestic Prices Amid Manufacturing Expansion

Non-Energy Minerals · Steel · economic_daily · 2026-09-15

2014

Chung Hung Steel has announced price hikes for October, citing global manufacturing growth and resilience against geopolitical and energy shocks.

What Happened

Price Adjustments: Chung Hung Steel announced its October domestic and November export price lists yesterday. Domestic prices for hot-rolled and cold-rolled steel were raised by NT$600 per metric ton, while galvanized steel saw an increase of NT$800 per metric ton; export prices were adjusted based on product and region.

Macro Environment: The company cited IMF assessments indicating that the global economy has shown greater-than-expected resilience to geopolitical and energy shocks, with 2024 growth projected at 3.0%. Additionally, the global manufacturing PMI for August reached 52.3, signaling continued expansion in the sector.

Industry Observations: Chung Hung noted that with the Federal Reserve's upcoming interest rate decision, the macroeconomic environment remains in a state of dynamic adjustment. The industrial sector is currently focused on the volatility of international raw material prices and their tangible impact on operations.

Operational Strategy: The price hikes reflect current supply-demand dynamics and cost pressures. The company will continue to monitor global economic data and raw material trends to flexibly adjust its operational strategies and maintain competitiveness in a shifting market.

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