SteelOrbis has learned that, as of May 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 its hot rolled coil (HRC), cold rolled coil (CRC) and hot dip galvanized (HDG) prices have increased on ex-works basis for June shipments as compared to its prices for May deliveries.
Accordingly, the producer's ex-works prices are at the following levels:
Product | Domestic price | Export price |
HRC 2.0 mm | NTD 21,250-22,470/mt ($651-689/mt) | $540-550/mt FOB Taiwan |
CRC 1.0 mm | NTD 25,400-26,150/mt ($778-801/mt) | $650-680/mt FOB Taiwan |
HGI 2.0 mm | NTD 32,500-33,500/mt ($996-1,026/mt) | $750-810/mt FOB Taiwan |
CGI 1.0 mm | NTD 34,200-34,550/mt ($1,048-1,059/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 June-July 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 32.63