Dragon Steel, the subsidiary company of Taiwan's China Steel Corp., has announced to hike its square billet for Taiwan domestic market recently by NT$100/ton.
After adjustment, Dragon Steel's latest price for rebar usage high tension with vanadium-added billet will be about NT$17,550/ton (shipping fee included). However, its latest H beam prices will still remain flat.
The raising rebar price is still the major reason for Dragon Steel to hike its latest billet price.
In addition, the current official listed H beam base price is about NT$23,400 (large sizes)~24,500/ton (small sizes), but the actual selling price in local market is only about NT$22,700~NT$23,800/ton. Due to the slow market demand, Dragon Steel has cut its output to keep its H beam price can stay firmly in the market.