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CSC Raises November Prices, Boosting Steel Sector Outlook
Non-Energy Minerals · Steel · economic_daily · 2026-10-06
2002
China Steel Corporation has hiked its November domestic prices by up to 1,200 TWD per ton, fueling expectations for a strong Q4 steel market rally.
What Happened
Price Hikes: China Steel Corporation (CSC) has announced an increase in its November domestic prices, with key products like hot-rolled and cold-rolled steel rising by 900 TWD per ton, and some project-based prices climbing by 1,200 TWD. This represents the largest price increase in five months, effectively driving up market circulation prices for hot-rolled steel coils toward the 20,000 TWD per ton threshold.
Market Reaction: Following the announcement, downstream distributors have responded with enthusiasm, quickly adjusting their own quotes to reflect the higher costs. Steel stocks, including CSC, Chung Hung Steel, and Yieh Phui, saw positive trading sessions yesterday as investors reacted to the optimistic outlook for the traditional Q4 peak season.
Earnings Outlook: Analysts suggest that the steel industry has successfully capitalized on the 'Golden September and Silver October' demand cycle. With year-end momentum building, companies led by CSC are well-positioned to see improved production and sales profitability throughout the fourth quarter.
Industry Trends: Industry leaders remain confident that hot-rolled steel prices will surpass the 20,000 TWD mark. The combination of supply-demand improvements and strategic price adjustments is expected to provide a solid foundation for the sector's performance in the coming months.