Taiwan’s iron and steel export value up 6.8% in Oct from Sept

Sunday, 13 November 2011

According to the statistics released by the Taiwan Ministry of Finance, Taiwan's iron and steel export value in October this year amounted to $1.66 billion, increasing by 6.8 percent compared to September and up 15 percent compared to the same month of 2010, while its metal product export value totaled $911.9 million, up 4.1 percent compared to the previous month and up 14.8 percent compared to the same month of 2010.

In the first 10 months of this year, Taiwan's iron and steel export value increased 20.3 percent over the same period last year amounting to $16.23 billion, while its metal product export value totaled $9.23 billion in the January-October period this year, increasing by 17.4 percent compared to the same period last year.

Meanwhile, in October Taiwan's iron and steel import value decreased by 0.6 percent compared to the previous month and was up 13.1 percent year on year to $1.14 billion, and its metal product import value came to $1.03 billion, up 12.5 percent month on month and up 0.7 percent compared to the same month last year.

Tags: Taiwan , East Asia and Pacific , Far East , Southeast Asia , trading , steelmaking , imp/exp statistics

(sourced steelorbis)

Taiwan’s CSC to sell bonds to fund new plant investment in India

August27, 2011

Taiwan-based integrated steelmaker China Steel Corporation (CSC) plans to invest $66.58 million in a new plant to manufacture electrical steel in the Bharuch district of the state of Gujarat in western India.

CSC will have a 37.4 percent stake in the project in which total investment amounts to $178 million along with the funds coming from other investors. CSC plans to sell as much as NTD 20 billion (US$689.9 million) in bonds in Taiwan this year to help finance the investment.

According to CSC's statement, the investment will allow the company to meet the high demand for electrical steel sheets in India and will help it to enter other markets such as the Middle East, Europe and North Africa.

The production line will annually produce 200,000 mt of non-grain oriented electrical steel. Construction work on the project will start in September this year and test runs are scheduled in October 2013.

(sourced steelorbis)

Taiwan iron and steel export value in July up by 12pct

Saturday, 13 Aug 2011

According to the statistics released by the Taiwan ministry of finance, Taiwan's iron and steel exports value in July this year amounted to USD 1.76 billion, increasing by 12.2% compared to June and up 31% compared to the same month of 2010, while its metal product exports value totaled USD 1 billion, up 14.75% compared to the previous month and up 21.4% compared to the same month of 2010.

Meanwhile, in July Taiwan's iron and steel imports value increased by 3.3% compared to the previous month and 8.4% YoY to USD 1.15 billion and its metal product imports value came to USD 1.03 billion down by 9.6% MoM and up by 9.4% YoY.

(sourced steelorbis)

E. Asian mills' offer prices for coils soar, buyers wary

Saturday, Feb19, 2011

Offer prices of cold rolled coil from Taiwanese, Korean and Chinese mills have risen sharply by $50-70/tonne compared to end-January levels. Offers from Taiwan, ahead of the new offer prices from China Steel Corp, have risen to $870/t fob for 1mm base full-hard CRC, for annealed base CRC at $890/t fob and for hot-dip galvanized $1,050/t fob. Read More on this…