Tung Ho Steel sets price hike on H-beam

Taiwan’s Tung Ho Steel has raised its H-beam prices again for July, although both Taiwan domestic and import scrap prices dropped by about NT$1,300 to 1,400/ton.

The company is adding its H-beam price by NT$1,000/ton due to a strong global demand.

Another major H-beam producer, Dragon Steel said they are going to release its July price soon and basically their price will be also increased.

H-beam prices are expected to said past NT$40,000/ton, if demand remains strong.
Source: http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=30549&division=A4 Â