Taiwanese pipe mills increase price for February

Taiwanese pipe factories have announced new retail prices for February. So Chung Hung Steel (CHS) raised the price by NT $ 600 /t, other companies in the country expect further price increases in February.

China Steel Corp is expected to raise its price by NT $ 1000 - 1200 /t for the second quarter at the end of February. Pipe manufacturers explain that the increase in their prices should compensate for the cost of raw materials. However, it will take buyers time to determine future needs.