SteelOrbis has learned that, as of May 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 all its flat product ex-works prices for domestic deliveries for June, due to weak demand and cheaper import offers. Accordingly, the producer's new prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 21,400-22,900/mt ($739-791/mt) |
$750-760/mt FOB Taiwan |
CRC 1.0 mm |
NTD 25,600-26,100/mt ($884-901/mt) |
$900-920/mt FOB Taiwan |
HGI 2.0 mm |
NTD 23,800-25,300/mt ($822-873/mt) |
$830-880/mt FOB Taiwan |
CGI 1.0 mm |
NTD 26,700-27,000/mt ($922-932/mt) |
- |
As for the domestic market, this producer's HRC and CRC prices for June deliveries have decreased by NTD1,600/mt ($55/mt), while it has also cut its HGI and CGI prices by NTD 1,700/mt ($59/mt).
On the other hand, with regard to the export market, CHS' HRC and CRC prices have declined by $50/mt, while its HGI prices have decreased by $20/mt 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 28.97