Announcement for Domestic Steel Prices for the Second Quarter /April Shipments of 2025

2025-03-18

Mar 18th, 2025], China Steel Corporation (CSC) hereby announces the following statement, regarding the forecast and sales price adjustment for the Second-quarter/April shipment of 2025.

Macro economy
The global economy is experiencing a steady growth, with the IMF forecasting a global economic growth rate of 3.3% in 2025. The U.S. economy remains strong, while emerging opportunities for peace talks between Russia and Ukraine are helping to ease geopolitical tensions. The European Central Bank has cut interest rates twice so far this year, supporting the recovery of demand. At China’s “Two Sessions,” the government set a GDP growth target of 5% and announced policies to stimulate employment and consumer spending, boosting economic momentum. In Taiwan, the Directorate-General of Budget, Accounting and Statistics (DGBAS) projects economic growth of 3.14% for this year, indicating continued expansion.

Steel Market
Under Section 232 of the U.S. Trade Expansion Act, a uniform 25% tariff is now applied to steel and aluminum products from all countries. This has driven U.S. steel prices up nearly 30% since mid-February, with mill hot-rolled coil (HRC) prices exceeding $1,000 per metric ton, showing a clear upward trend. Equal tariff treatment also enhances the competitiveness of Taiwanese downstream exporters to the U.S. Starting from April, Europe’s revised steel safeguard measures slightly reduce the tariff-free import quotas for all countries and expand the scope of applicable products, contributing to rising European steel prices. Iron ore prices remain steady at $100–105 per metric ton, while coal prices fluctuate within the $175–185 range. China has launched a new round of supply-side structural reforms and green manufacturing initiatives to curb existing excess capacity, supporting a healthier supply-demand balance. Chinese steelmakers Baosteel and Anben have maintained flat prices for flat steel products in April, while Vietnam’s Formosa Ha Tinh Steel raised HRC prices by $20 per metric ton, indicating continued global steel market momentum.

Resolution
To curb low-priced Chinese steel, countries such as Vietnam, South Korea, India, and Mexico have implemented anti-dumping measures. Taiwan’s Customs Administration of the Ministry of Finance also officially announced on March 11th the initiation of an investigation into imports of Chinese hot-rolled products, aiming to stabilize the domestic steel market. Moving forward, CSC will pursue necessary trade remedies for potentially dumped steel products, such as electrical steel. Considering the upward trend in the market and the varying impact of the U.S. tariff policy on downstream industries, CSC will set April monthly and Q2 quarterly prices at flat-to-higher levels and continue to promote diverse support programs to assist customers in securing orders.

CSC hereby announces the domestic sales price adjustments for the Second-quarter and April shipments of 2025 are listed below：

Offer Basis	Products	Average Adjusted Amounts (NTD/MT)
April shipment	HR Plate/HR	+500~600
	CR	+500
	EG	+0
	GI (Construction)	+0
	GI (Appliances)	+0
	ES	+0
Offer Basis	Products	Average Adjusted Amounts (NTD/MT)
Second-quarter shipment	Bar and wire rod	+600
	Plate(A36/SS400 and SM570 series)	+0
	Plate(ship plate and others)	+0
	HR (Medium-High Carbon, Tooling)	+500
	CR (Medium-High Carbon, Tooling and Drum)	+500
	CR (Drum)	+0
	Automotive usage	+0

Information Origin : http://www.csc.com.tw/CS/CSC_E/NC/neli/neli.aspx
 

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