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Home Steel News Tung Ho Steel hikes H beam prices
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Tung Ho Steel hikes H beam prices

23 Jan 2008 11:56 reported by Lisa Yao

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Stimulated by the price increase of steel rebar, Taiwan’s Tung Ho Steel decided to raise H beam prices again.

At present, H beam price is stable at a high level of NT$25,500~NT$25,700/ton. Due to soaring American scrap prices, the H beam market has been already ready for recovery since last week.

The quote price of steel rebar in southern Taiwan has been up to NT$24,700~NT$24,900/ton yesterday.

According to the previous experience, the reasonable price gap between steel rebar and H beam is at NT$3,500/ton. Therefore, H beam price should be at NT$27,000~NT$27,500/ton while steel rebar price is at NT$24,000/ton. In that case, there will be an increase of NT$1,500~ NT$2,000/ton for H beam prices.

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