SteelOrbis has learned that as of April 25 Chung Hung Steel Co. Ltd (CHS), a major Taiwan-based HRC/CRC re-roller and subsidiary of Taiwanese integrated steelmaker China Steel Corp., has decided to keep its HRC and CRC ex-works prices unchanged and to increase its HGI and CHI prices by NTD 500/mt ($17/mt) for May shipments. The new prices are as follows:
Product | Domestic Price | Export Price |
HRC 2.0 mm | NTD 20,550-21,600/mt ($697-733/mt) | $675-690/mt FOB Taiwan |
CRC 1.0 mm | NTD 23,850-24,000/mt ($809-814/mt) | $805-835/mt FOB Taiwan |
HGI 2.0 mm | NTD 24,900-25,800/mt ($845-875/mt) | $820-860/mt FOB Taiwan |
CGI 1.0 mm | NTD 26,500-26,950/mt ($899-914/mt) | - |
With regard to the export market, CHS has increased most of its flat steel export offers by $5-10/mt.
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 29.48