SteelOrbis has learned that as of yesterday, November 30, Chung Hung Steel Co. Ltd. (CHS), a major Taiwan-based HRC/CRC re-roller and subsidiary of Taiwanese integrated steelmaker China Steel Corp., has decided to cut all its flat product ex-works prices for domestic deliveries for December/January, due to poor demand. Accordingly, the producer's prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 19,300-20,350/mt ($635-669/mt) |
$620-630/mt FOB Taiwan |
CRC 1.0 mm |
NTD 23,700-24,200/mt ($780-796/mt) |
$780-800/mt FOB Taiwan |
HGI 2.0 mm |
NTD 21,800-22,400/mt ($717-737/mt) |
$640-700/mt FOB Taiwan |
CGI 1.0 mm |
NTD 23,200-23,800/mt ($763-783/mt) |
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As for the domestic market, this producer's HRC and CRC prices for December/January deliveries have decreased by NTD 300/mt ($10/mt), while it has dropped its HGI and CGI prices by NTD 500/mt ($17/mt). On the other hand, with regard to the export market, CHS' HRC and CRC prices have decreased by $10/mt, and its HGI price has declined by $15/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 30.4