SteelOrbis has learned that, as of June 24, Chung Hung Steel Co. Ltd. (CHS), a major Taiwan-based HRC/CRC re-roller and subsidiary of Taiwanese integrated steelmaker China Steel Corp. (CSC), has decided to reduce all its flat product ex-works prices for domestic deliveries for July, due to weak demand. Accordingly, the producer's new prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 21,000-22,200/mt ($727-768/mt) |
$720-730/mt FOB Taiwan |
CRC 1.0 mm |
NTD 25,200-25,700/mt ($872-890/mt) |
$880-900/mt FOB Taiwan |
HGI 2.0 mm |
NTD 23,500-25,000/mt ($813-865/mt) |
$810-860/mt FOB Taiwan |
CGI 1.0 mm |
NTD 26,100-26,400/mt ($903-914/mt) |
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As for the domestic market, this producer's HRC and CRC prices for June deliveries have decreased by NTD 400-700/mt ($14-24/mt) and by NTD 400/mt ($14/mt) respectively, while it has also cut its HGI prices by NTD 300/mt ($10/mt) and CGI prices by NTD 600/mt ($21/mt).
On the other hand, with regard to the export market, CHS' HRC prices have declined by $30/mt, while its CRC and HGI prices have decreased by $20/mt as compared to last month.
All the above prices include five percent VAT and are on actual weight basis. The ex-works domestic prices are for payment via standby letter of credit, while the export prices are for payment via at sight letter of credit.
$1 = NTD 28.89