Market Enters Recovery Cycle: China Steel and Chung Hung Raise Prices by NT$1,000 to NT$1,500
Taiwan's China Steel and Chung Hung Steel announced a price increase of NT$1,000 to NT$1,500 per ton for May, citing global demand recovery, high raw material costs, and tight supply due to geopolitical factors.
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- 📰 Published: April 16, 2026 at 18:08
- 🔍 Collected: April 16, 2026 at 18:31 (23 min after Published)
- 🤖 AI Analyzed: April 19, 2026 at 00:26 (53h 54m after Collected)
(Central News Agency, Reporter Ho Hsiu-ling, Taipei, 16th) With raw material and energy costs remaining high, international steel prices continuing to rise, and supply tightening, China Steel Corporation (CSC) and re-roller Chung Hung Steel have announced an across-the-board price increase for May, ranging from NT$1,000 to NT$1,500. Among them, Chung Hung's galvanized steel increased by NT$1,500, hitting a new high in recent years. Industry insiders believe the global steel market has entered a recovery cycle.
Observing CSC's May monthly pricing for steel products, hot-rolled steel plates and coils (general material), hot-rolled steel coils (rolling material), and cold-rolled steel coils (general material) are increased by NT$1,200 per metric ton; electro-galvanized steel coils, hot-dip galvanized steel coils, and electrical steel coils are increased by NT$1,000 per metric ton.
CSC stated that the World Steel Association (worldsteel) released its latest demand forecast on the 14th, estimating global steel demand to grow by 0.3% this year and 2.2% next year, reflecting that the steel industry has entered a recovery cycle. The second quarter is the traditional peak season for the steel market, downstream inventory restocking demand remains strong, market fundamentals are steadily recovering, and the upward momentum of the steel market is significant.
In addition, Asian steel mills such as China's leading mill Baosteel and Vietnam's Hoa Phat have continued to issue increased prices. Statistics show that since the beginning of the year, the international quotes for hot and cold-rolled products from Asian steel mills have accumulated an increase of over US$100 to US$120 per metric ton, and domestic downstream market prices have accumulated an increase of NT$3,500 to NT$4,000 per metric ton. The upward momentum in domestic and international steel markets remains strong.
CSC pointed out that to steadily keep up with the rising trend of international steel prices and downstream market conditions, and to reflect the mill's costs, the May monthly pricing adopts a gradual adjustment approach.
Chung Hung announced its domestic pricing for May and export pricing for June today. For domestic sales, hot-rolled and cold-rolled products are increased by NT$1,200 per metric ton, and galvanized products are increased by NT$1,500 per metric ton, marking the largest increase in three years; export pricing will be adjusted based on product and region, with actual quotes depending on local market conditions.
Chung Hung stated that global steel demand has entered a recovery cycle. Furthermore, disruptions from the Middle East conflict have interrupted Iranian supply, causing a tight supply of regional steel billet resources, and India's energy issues have restricted output. Coupled with centralized maintenance by South Korean steel mills in the second quarter, it is expected that the short-term supply in the Asian steel market will remain tight.
Chung Hung pointed out that overall, the Middle East situation has led to climbing energy and transportation costs, and coal and iron raw material prices remain high. Indicator steel mills continue to raise quotes, providing strong support for steel prices. Considering that short-term steel supply is shrinking and downstream restocking demands are gradually emerging, the current domestic and export pricing is being adjusted upward to reflect current steel market conditions and boost market confidence. (Editor: Yang Lan-hsuan) 1150416
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Observing CSC's May monthly pricing for steel products, hot-rolled steel plates and coils (general material), hot-rolled steel coils (rolling material), and cold-rolled steel coils (general material) are increased by NT$1,200 per metric ton; electro-galvanized steel coils, hot-dip galvanized steel coils, and electrical steel coils are increased by NT$1,000 per metric ton.
CSC stated that the World Steel Association (worldsteel) released its latest demand forecast on the 14th, estimating global steel demand to grow by 0.3% this year and 2.2% next year, reflecting that the steel industry has entered a recovery cycle. The second quarter is the traditional peak season for the steel market, downstream inventory restocking demand remains strong, market fundamentals are steadily recovering, and the upward momentum of the steel market is significant.
In addition, Asian steel mills such as China's leading mill Baosteel and Vietnam's Hoa Phat have continued to issue increased prices. Statistics show that since the beginning of the year, the international quotes for hot and cold-rolled products from Asian steel mills have accumulated an increase of over US$100 to US$120 per metric ton, and domestic downstream market prices have accumulated an increase of NT$3,500 to NT$4,000 per metric ton. The upward momentum in domestic and international steel markets remains strong.
CSC pointed out that to steadily keep up with the rising trend of international steel prices and downstream market conditions, and to reflect the mill's costs, the May monthly pricing adopts a gradual adjustment approach.
Chung Hung announced its domestic pricing for May and export pricing for June today. For domestic sales, hot-rolled and cold-rolled products are increased by NT$1,200 per metric ton, and galvanized products are increased by NT$1,500 per metric ton, marking the largest increase in three years; export pricing will be adjusted based on product and region, with actual quotes depending on local market conditions.
Chung Hung stated that global steel demand has entered a recovery cycle. Furthermore, disruptions from the Middle East conflict have interrupted Iranian supply, causing a tight supply of regional steel billet resources, and India's energy issues have restricted output. Coupled with centralized maintenance by South Korean steel mills in the second quarter, it is expected that the short-term supply in the Asian steel market will remain tight.
Chung Hung pointed out that overall, the Middle East situation has led to climbing energy and transportation costs, and coal and iron raw material prices remain high. Indicator steel mills continue to raise quotes, providing strong support for steel prices. Considering that short-term steel supply is shrinking and downstream restocking demands are gradually emerging, the current domestic and export pricing is being adjusted upward to reflect current steel market conditions and boost market confidence. (Editor: Yang Lan-hsuan) 1150416
Choose to stand with the facts, every sponsorship from you is the power to protect press freedom.
Download the Central News Agency "First-hand News" APP to instantly grasp the latest news.
The text, images, and audio/video on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.