SteelOrbis has learned that as of today, December 22, 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 keep most of its flat steel product ex-works prices unchanged for January shipments, though the producer has increased its HGI and CGI prices by NTD 300/mt ($10/mt). Accordingly, the producer's prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 19,950-20,650/mt ($659-682/mt) |
$640-650/mt FOB Taiwan |
CRC 1.0 mm |
NTD 23,550-23,700/mt ($778-783/mt) |
$785-805/mt FOB Taiwan |
HGI 2.0 mm |
NTD 23,700-24,600/mt ($783-813/mt) |
$770-810/mt FOB Taiwan |
CGI 1.0 mm |
NTD 25,300-25,400/mt ($836-839/mt) |
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With regard to the export market, CHS has kept its HRC and CRC prices unchanged and increased HGI export offers by $10/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 30.27