Taiwanese steelmaker Chung Hung Steel (CHS) has announced its domestic flats sales prices for May shipments and export flats prices effective for June shipments. The new prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 14,500-15,150/mt ($427-446/mt) |
$420-440/mt FOB Taiwan |
CRC 1.0 mm |
NTD 17,750-18,450/mt ($522-543/mt) |
$510-520/mt FOB Taiwan |
HGI 2.0 mm |
NTD 17,000-17,150/mt ($504-508/mt) |
$510-520/mt FOB Taiwan |
CGI 1.0 mm |
NTD 18,000-18,150/mt ($533-537/mt) |
- |
As for the domestic market, HRC and HGI prices have decreased by NTD 1,000/mt ($30/mt), CRC prices have declined by NTD 1,200/mt ($36/mt), while CGI prices have dropped by NTD 1,500 ($44/mt) as compared to last month. On the other hand, with regard to the export market, HRC prices have decreased by $35-45/mt, CRC prices have declined by $35/mt, while HGI prices have fallen by $30/mt as compared to last month.
All the above prices include five percent VAT and are on actual weight basis. Ex-works domestic prices are for payment via standby letter of credit, while export prices are for payment via at sight letter of credit.
$1 = NTD 33.7625