SteelOrbis has learned that, as of October 30, 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 for November shipments it has cut its hot rolled coil (HRC) and cold rolled coil (CRC) ex-works prices by NTD 300/mt ($10/mt), though its hot dip galvanized (HDG) ex-works prices have remained unchanged, as compared to its prices for October deliveries. Accordingly, the producer's ex-works prices are at the following levels:
Product | Domestic price | Export price |
HRC 2.0 mm | NTD 21,500-22,650/mt ($707-745/mt) | $655-660/mt FOB Taiwan |
CRC 1.0 mm | NTD 24,950-25,700/mt ($821-845/mt) | $765-795/mt FOB Taiwan |
HGI 2.0 mm | NTD 27,200-28,200/mt ($895-928/mt) | $840-870/mt FOB Taiwan |
CGI 1.0 mm | NTD 28,900-29,250/mt ($951-962/mt) | - |
On the other hand, with regard to the export markets, CHS' prices for HRC and CRC products have declined by $10/mt over the same period, while HDG prices have remained unchanged. The offers are for November-December 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 30.40