SteelOrbis has learned that, as of July 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 July. Accordingly, the producer's new prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 20,200-21,250/mt ($675-710/mt) |
$660-675/mt FOB Taiwan |
CRC 1.0 mm |
NTD 23,500-23,650/mt ($785-790/mt) |
$790-820/mt FOB Taiwan |
HGI 2.0 mm |
NTD 24,400-25,400/mt ($816-849/mt) |
$800-840/mt FOB Taiwan |
CGI 1.0 mm |
NTD 26,100-26,450/mt ($872-884/mt) |
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As for the domestic market, this producer's HRC and CRC prices for July deliveries have decreased by NTD 350 ($12/mt), while prices for other products have declined by NTD 500 ($17/mt).
On the other hand, with regard to the export market, CHS' HRC and CRC prices have decreased by $15/mt, while price for other products have declined by $20/mt, both 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 29.92