SteelOrbis has learned that, as of July 26, 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 increased its domestic flat steel prices on ex-works basis for August shipments as compared to its prices for July deliveries.
Accordingly, the producer's ex-works prices are at the following levels:
|
Product |
Domestic price |
Export price |
|
HRC 2.0 mm |
NTD 24,650-25,800/mt ($812-850/mt) |
$640-650/mt FOB Taiwan |
|
CRC 1.0 mm |
NTD 28,200-29,950/mt ($929-987/mt) |
$750-780/mt FOB Taiwan |
|
HGI 2.0 mm |
NTD 33,600-36,700/mt ($1.107-1.209/mt) |
$860-920/mt FOB Taiwan |
|
CGI 1.0 mm |
NTD 36,300-37,750/mt ($1.196-1.244/mt) |
- |
On the other hand, with regard to the export markets, CHS' prices for HRC, CRC and HDG products have also moved up over the same period. The offers are for July-August 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 30.35