SteelOrbis has learned that, as of June 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 reduce its flat steel ex-works prices for domestic deliveries for August. Accordingly, the producer's new prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 19,700-20,750/mt ($653-688/mt) |
$640-655/mt FOB Taiwan |
CRC 1.0 mm |
NTD 23,000-23,150/mt ($762-767/mt) |
$770-800/mt FOB Taiwan |
HGI 2.0 mm |
NTD 23,600-24,600/mt ($782-815/mt) |
$780-820/mt FOB Taiwan |
CGI 1.0 mm |
NTD 25,300-25,650/mt ($839-850/mt) |
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As for the domestic market, this producer's HRC and CRC prices for August deliveries have decreased by NTD 500/mt ($17/mt), while prices for other products have declined by NTD 800/mt ($27/mt).
On the other hand, with regard to the export market, CHS' prices for all products have declined 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 30.17