It’s reported that China Steel Corp (CSC) in Taiwan announced that it would raise prices by an average of 3.08% on domestic products for March delivery, marking the company’s highest price increase in more than a year.
The main factors that drive the increase come from the improving economic conditions, rising iron ore prices and low inventory levels across the market. Major Chinese steelmakers’ recent prices raise on urbanization plans that reflect rising demand also help the increase. (…)
