Steel prices surge as steel industry recovers and capital flows to low-end non-electronic groups
〈Steel prices continue to rise as steel boom recovers〉 Benefiting from the rising prices of coal, iron and other steel raw materials, Sinosteel (2002-TW) recently announced its domestic selling price for January 2024, with an overall increase of 500-700 yuan per metric ton. After a period long consolidation in the steel industry, downstream prices The […]
Sinosteel Announces Domestic Steel Price Increases Amid Rising Raw Materials Costs
(Central News Agency Correspondent Lai Yanxi, Taipei, December 14, 2023) Sinosteel (2002) said today that the cost of steelmaking raw materials has continued to rise recently and that international steel prices have risen. Therefore, it has decided to increase’ the domestic sales price by NT $ 500 per ton in January next year to 700 […]
Sinosteel Announces Execution of Treasury Shares Amidst Profit Loss
Is Sinosteel’s Operation of Treasury Shares Beneficial? The operation of treasury shares by Sinosteel has ignited discussions about the potential decline in steel prices. According to a legal representative, the anticipated increase in steel prices due to rising raw material costs has come to an end in the short term. China Steel’s latest stock price […]
China Steel and Zhonglong steel products shipments in February reached 899,000 metric tons, better than expected
Steel products shipped by Sinosteel and its subsidiary Zhonglong Iron and Steel in February reached a total of 899,000 metric tons, which was better than expected. Zhonghong’s steel product shipments in February also reached 147,000 metric tons, which was also slightly better than expected. It was not affected at all. Impact of the Lunar New […]
