News / Taiwan / economic_daily
CSC Expected to Raise November Steel Prices Amid Strong Market Demand
Non-Energy Minerals · Steel · economic_daily · 2026-09-18
2002
Driven by rising international steel prices and high raw material costs, China Steel Corp is expected to hike prices for the second consecutive month.
What Happened
Continued Price Hikes: Supported by rising import quotes and high raw material costs, the market expects China Steel Corp (CSC) to raise prices across its five major steel products for the second consecutive month in November. The price adjustment for hot-rolled substrates is expected to be significant, potentially boosting fourth-quarter earnings.
Market Momentum: The steel market is experiencing a notable recovery as downstream industries actively replenish inventories. CSC initiated a comprehensive price increase in October, marking the first such move in the second half of the year and signaling renewed confidence in market trends.
International Market Influence: The Asian steel market remains robust, with tight supply of slab steel in Southeast Asia keeping hot-rolled prices elevated. Major producers like South Korea's POSCO have significantly raised export quotes due to full order books from the U.S. and production line adjustments, further supporting global price levels.
Raw Material Costs: Upstream raw material prices remain at high levels, with iron ore rebounding to $96 per ton and coking coal prices surging above $300 per ton. These elevated production costs provide a strong floor for steel pricing in the near term.