SteelOrbis has learned that as of yesterday, September 29, 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 increase its HRC ex-works prices for domestic deliveries in October and HRC/CRC prices for export shipments in October and November. Accordingly, the producer's prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 20,600-21,650/mt ($659-693/mt) |
$660-670/mt FOB Taiwan |
CRC 1.0 mm |
NTD 25,000-25,500/mt ($800-816/mt) |
$820-840/mt FOB Taiwan |
HGI 2.0 mm |
NTD 23,450-24,050/mt ($751-770/mt) |
$690-750/mt FOB Taiwan |
CGI 1.0 mm |
NTD 24,450-25,050/mt ($783-802/mt) |
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As for the domestic market, this producer's HRC prices for October deliveries have increased by NTD 500/mt ($16/mt), while CRC, HDG and CGI prices have remained unchanged. On the other hand, with regard to the export market, CHS' prices have increased by $10-20/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 31.238