China Steel raises prices by avg 12.1 pct for April-May
A labourer welds steel pipes at a factory in Nanjing, Jiangsu province October 23, 2009. China's daily steel production matched the previous month's record in September while iron ore output jumped to an all-time high, underscoring Beijing's challenge in reining in industrial overcapacity. REUTERS

China Steel Corp, Taiwan's top steel producer, said on Thursday that it will raise domestic prices of its steel products by an average of about 12.1 percent for April-May.

It said the rise was because of rising coal costs sparked by surges in commodity prices.

Below is a table of price rises for different products:

PRODUCT PRICE CHANGE

PER TON (T$)

----------------------------------------------------

Sheet steel +2,949

Rods +2,500

Hot-rolled mid/high carbon and low alloy +2,945

Cold-rolled mid/high carbon and low alloy +2,747

Galvanised steel coil +3,500

Electromagnetic coil +2,000

Hot dip galvanising coil +3,167

----------------------------------------------------

China China China