SteelOrbis has learned that, as of April 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 prices for its hot rolled coil (HRC), cold rolled coil (CRC) have declined by NTD 1,200/mt ($39/mt) and hot dip galvanized (HDG) products have decreased by NTD 500/mt ($16/mt) on ex-works basis for May shipments as compared to its prices for April deliveries. Accordingly, the producer's ex-works prices are at the following levels:
Product | Domestic price | Export price |
HRC 2.0 mm | NTD 19,350-20,500/mt ($632-669/mt) | $555-560/mt FOB Taiwan |
CRC 1.0 mm | NTD 22,700-23,450/mt ($741-766/mt) | $665-695/mt FOB Taiwan |
HGI 2.0 mm | NTD 25,700-26,700/mt ($839-872/mt) | $750-780/mt FOB Taiwan |
CGI 1.0 mm | NTD 27,400-27,750mt ($895-906/mt) | - |
On the other hand, with regard to the export markets, CHS' prices for HRC, CRC and HDG products have declined by $30/mt over the same period. The offers are for May and June 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 30.63