SteelOrbis has learned that, as of August 25, 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 announced that it has kept most of its flat steel prices on ex-works basis unchanged for September shipments as compared to its prices for August deliveries. Accordingly, the producer's ex-works prices are at the following levels:
Product | Domestic price | Export price |
HRC 2.0 mm | NTD 21,800-22,950/mt ($722-760/mt) | $665-670/mt FOB Taiwan |
CRC 1.0 mm | NTD 25,250-26,000/mt ($844-869/mt) | $775-805/mt FOB Taiwan |
HGI 2.0 mm | NTD 27,200-28,200/mt ($902-943/mt) | $840-870/mt FOB Taiwan |
CGI 1.0 mm | NTD 28,900-29,250/mt ($966-978/mt) | - |
On the other hand, with regard to the export markets, CHS' prices for all products have also remained unchanged over the same period, while the offers are for September-October shipments.
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 29.99