SteelOrbis has learned that, as of October 25, 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 keep stable flat steel ex-works prices for domestic deliveries for November, while it reduced export offers by $10/mt. 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 ($630-663/mt) | $610-625/mt FOB Taiwan |
CRC 1.0 mm | NTD 21,900-22,650/mt ($750-776/mt) | $740-770/mt FOB Taiwan |
HGI 2.0 mm | NTD 22,900-23,900/mt ($784-819/mt) | $770-810/mt FOB Taiwan |
CGI 1.0 mm | NTD 24,600-24,950/mt ($843-855/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 29.2