SteelOrbis has learned that, as of August 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) have decreased by NTD 600/mt ($19/mt), while its cold rolled coil (CRC) and hot dip galvanized (HDG) prices have remained unchanged on ex-works basis 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 20,950-22,100/mt ($663-697/mt) | $540-550/mt FOB Taiwan |
| CRC 1.0 mm | NTD 25,700-26,450/mt ($810-833/mt) | $650-680/mt FOB Taiwan |
| HGI 2.0 mm | NTD 32,800-33,800/mt ($1,034-1,067/mt) | $750-810/mt FOB Taiwan |
| CGI 1.0 mm | NTD 34,500-34,850/mt ($1,087-1,098/mt) | - |
On the other hand, with regard to the export markets, CHS' prices for HRC, CRC and HDG products have remained stable over the same period. The offers are for September-October shipments.
All the above prices are on actual weight basis. The ex-works domestic prices include five percent VAT and are for payment via standby letter of credit, while the export prices are for payment via at sight letter of credit.
$1 = NTD 31.73