Taiwanese steelmaker Chung Hung Steel (CHS) has announced its domestic prices for March shipments. The new prices are at the following levels:
Product |
Price |
NTD 23,800-24,500/mt ($763-786/mt) |
|
NTD 26,400-26,500/mt ($846-850/mt) |
|
HGI |
NTD 28,500-29,000/mt ($914-930/mt) |
CGI |
NTD 29,500-30,000/mt ($946-962/mt) |
$1 = NTD 31.20
The local prices of the producer have increased sharply due to the sharp increase in the recently announced Baosteel prices, and booming slab costs. The prices, which are on ex-works basis, include five percent VAT.