SteelOrbis has learned that as of January 18 Chung Hung Steel Co. Ltd (CHS), a major Taiwan-based HRC/CRC re-roller and subsidiary of Taiwanese integrated steelmaker China Steel Corp., has decided to increase most of its flat steel product ex-works prices for February shipments. Accordingly, the producer has increased its hot rolled coil (HRC) and cold rolled coil (CRC) prices by NTD 300/mt ($10/mt), while it has increased its hot dip galvanized (HDG) prices by NTD 400/mt ($13/mt):
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 20,250-20,950/mt ($677-700/mt) |
$650-660/mt FOB Taiwan |
CRC 1.0 mm |
NTD 23,550-23,700/mt ($787-792/mt) |
$795-815/mt FOB Taiwan |
HGI 2.0 mm |
NTD 24,100-25,000/mt ($806-836/mt) |
$790-830/mt FOB Taiwan |
CGI 1.0 mm |
NTD 25,700-25,800/mt ($859-863/mt) |
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With regard to the export market, CHS has increased its HRC and CRC prices by $10/mt and increased HGI export offers by $20/mt.
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 29.91