SteelOrbis has learned that, as of September 26, Chung Hung Steel Co. Ltd. (CHS), a major Taiwan-based HRC/CRC re-roller and subsidiary of Taiwanese integrated steelmaker China Steel Corp. (CSC), has decided to reduce its flat steel ex-works prices for domestic deliveries for October. Accordingly, the producer's new prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 18,400-19,350/mt ($626-658/mt) |
$620-635/mt FOB Taiwan |
CRC 1.0 mm |
NTD 21,900-22,650/mt ($745-770/mt) |
$750-780/mt FOB Taiwan |
HGI 2.0 mm |
NTD 22,900-23,900/mt ($779-813/mt) |
$780-820/mt FOB Taiwan |
CGI 1.0 mm |
NTD 24,600-24,950/mt ($836-848/mt) |
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As for the domestic market, the producer's HRC prices for October deliveries have declined by NTD 500/mt ($17/mt), CRC prices decreased by NTD 300/mt ($10/mt), while prices for other products have declined by NTD 700/mt ($24/mt).
On the other hand, with regard to the export markets, CHS' prices for all products have remained unchanged as compared to last month.
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 29.41