Steel prices rise amid Middle East conflict
pre-market1 source ↓written by the desknot a recommendation
China Steel Corp has announced a price hike of NT$1,000 to NT$1,200 for all domestic products, marking the largest increase in nearly 17 months. This adjustment reflects rising material costs driven by Middle East tensions and increasing demand. Crude oil prices have surpassed US$100 per barrel, impacting shipping and energy costs, while iron ore and coking coal prices have also surged, further influencing steel prices.
Not investment advice. For informational purposes only.