SteelOrbis has been informed that in the local Taiwanese steel market the prices of commercial grade billet of 120 mm x 12 m are currently being quoted at NTD 18,800-19,000/mt ($637-644/mt) ex-works, on actual weight basis and including five percent VAT.
Prices have remained unchanged as compared to last week, and are given for middle and end of February shipments.
US$1 = NTD 29.50