SteelOrbis has learned that, as of December 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 increase its flat steel ex-works prices for domestic deliveries for January. Accordingly, the producer's new prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 19,250-20,200/mt ($645-678/mt) |
$630-635/mt FOB Taiwan |
CRC 1.0 mm |
NTD 22,900-23,650/mt ($768-794/mt) |
$760-780/mt FOB Taiwan |
HGI 2.0 mm |
NTD 23,900-24,900/mt ($803-837/mt) |
$790-820/mt FOB Taiwan |
CGI 1.0 mm |
NTD 25,600-26,050/mt ($861-877/mt) |
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As for the domestic market, the producer's HRC prices for January deliveries have increased by NTD 450/mt ($15/mt), while the mill's CRC, HGI and CGI prices moved up by NTD 500/mt ($17/mt).
On the other hand, with regard to the export markets, CHS' prices for all products have remained stable 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 29.05