Taiwan’s CHS announces domestic and export flat steel prices

Wednesday, 27 January 2016 15:03:25 (GMT+3)   |   Taichung
       

SteelOrbis has learned that, as of January 27, 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 its hot rolled coil (HRC), cold rolled coil (CRC) and hot dip galvanized (HDG) prices have increased on ex-works basis for February shipments as compared to its prices for January deliveries.  Accordingly, the producer's ex-works prices are at the following levels:
 

Product

Domestic price

 Export price

HRC 2.0 mm

NTD 17,850-19,000/mt  ($532-566/mt)

$440-450/mt FOB Taiwan

CRC 1.0 mm

NTD 21,600-22,350/mt  ($643-666/mt)

$550-580/mt FOB Taiwan

HGI 2.0 mm

NTD 26,700-27,700/mt  ($795-804/mt)

$620-680/mt FOB Taiwan

CGI 1.0 mm

NTD 28,400-28,750/mt  ($846-856/mt)

 -

 
On the other hand, with regard to the export markets, CHS' prices for HRC, CRC and HDG products have also increased over the same period. The offers are for February-March 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 33.59


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