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CSC Raises November Steel Prices by NT$900 Per Ton, Signaling Market Bottom
Non-Energy Minerals · Steel · economic_daily · 2026-10-06
2002
China Steel Corporation has increased its November prices for major steel products, citing rising raw material costs and seasonal demand as the market shows signs of recovery.
What Happened
Price Adjustment: China Steel Corporation (CSC) has announced a price hike for its five major steel products, with an average increase of NT$900 per ton for November. This move is primarily driven by rising production costs, particularly for metallurgical coal, reflecting the company's response to current market conditions.
Supply and Demand: Capital Securities analysts noted that while international iron ore prices have been fluctuating between $90 and $100 per ton, the steel industry is entering its peak season. Furthermore, China's ongoing production limitation policies are helping to balance supply and demand in the Asian steel market.
Industry Outlook: With the support of rising raw material costs and seasonal demand, the supply-demand balance in the Asian steel market is improving. Analysts expect steel prices to gradually bottom out following the recent period of correction.
Investment Outlook: As steel prices rebound in the fourth quarter, market sentiment is showing signs of stabilization. Analysts suggest that investors monitor international raw material price trends and Chinese policy shifts to gauge the long-term potential of steel stocks.