Steel Plate Price Alert
📈 CSC Announces Major Price Hikes:
Steel Plate Market Sees Biggest Jump in 16 Months
China Steel Corporation (CSC) has announced its price adjustment scheme for April and the second quarter of Year 115. With international iron ore prices surging back to the $110 mark, all plate products have seen contract price increases, officially signaling the end of the low-price era.
Hot/Cold Rolled Coils ↑ 1,200 TWD/ton
Quarterly Contract Products ↑ 1,000 TWD/ton
Procurement Insights
- Cost-Driven: Rising iron ore and shipping costs have provided a solid foundation for this price surge.
- Lead Time Warning: As prices rise, market restocking activity is increasing, which may tighten processing schedules.
- Quoting Strategy: Quote validity periods are significantly shortening. We recommend a "fast-in, fast-out" inventory strategy.