SteelOrbis has learned that, as of April 29, 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 decided to cuts its flat steel ex-works prices by NTD 600/mt ($20/mt) for its domestic deliveries for May. Accordingly, the producer's prices are at the following levels:
Product | Domestic Price | Export Price |
HRC 2.0 mm (JIS G3131 SPHC) | NTD 20,300-21,450/mt ($689-728/mt) | $640-655/mt FOB Taiwan |
CRC 1.0 mm (JIS G3141 SPCC) | NTD 23,950-24,700/mt ($812-838/mt) | $770-800/mt FOB Taiwan |
HGI 2.0 mm (JIS G3302 SGHC) | NTD 25,300-26,300/mt ($858-892/mt) | $800-840/mt FOB Taiwan |
CGI 1.0 mm (JIS G3301 SGCC) | NTD 27,000-27,350/mt ($916-928/mt) | - |
On the other hand, with regard to the export markets, CHS' prices for all products have been reduced by $20/mt as compared to last month, while 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 29.48