Taiwan's pipe mills increase prices for May
4 May 2021 16:41 reported by Claude Tseng
Due to the continuous rise of raw material prices, Taiwanese upstream steel prices increased this month. In order to offset the raw material price, Taiwanese pipe manufacturers decided to increase prices for downstream end users for May.
Taiwanese pipe mills followed to increase their prices by NT$2,800/ton for carbon steel pipe, by NT$3,300/ton for pre-galvanized steel pipe, and by 8% for hot-dip galvanized steel pipe.
After China canceled the export tax rebate, the hot-rolled coils price kept hiking, and the supply is tight and in shortage. In addition, the bulk vessel and container freight rates remained high.
It was expected that the pipe price will keep rising for June. Stimulated by this, Taiwan's upstream mills might also increase the hot-rolled coil price further for June. The costs will only go higher and difficult to be lowered in the future.
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