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., has decided to increase all its flat product ex-works prices for domestic deliveries for January, due to increased costs. Accordingly, the producer's prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 20,300-20,950/mt ($684-706/mt) |
$640-650/mt FOB Taiwan |
CRC 1.0 mm |
NTD 24,900-25,400/mt ($839-856/mt) |
$800-820/mt FOB Taiwan |
HGI 2.0 mm |
NTD 22,600-23,000/mt ($761-775/mt) |
$680-730/mt FOB Taiwan |
CGI 1.0 mm |
NTD 24,000-24,400/mt ($808-822/mt) |
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As for the domestic market, this producer's HRC and CRC prices for January deliveries have increased by NTD 600-1,000/mt ($20-34/mt) and by NTD 1,200/mt ($40/mt) respectively, while it has also raised its HGI and CGI prices by NTD 600/mt ($20/mt) and by NTD 600-800/mt ($20-27/mt) respectively.
On the other hand, with regard to the export market, CHS' HRC and CRC prices have increased by $20/mt, and its HGI price has risen by $30-40/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 29.69