SteelOrbis has learned that, as of January 22, 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 February, due to increased costs. Accordingly, the producer's prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 21,400-22,050/mt ($736-758/mt) |
$690-700/mt FOB Taiwan |
CRC 1.0 mm |
NTD 25,750-26,450/mt ($886-910/mt) |
$850-870/mt FOB Taiwan |
HGI 2.0 mm |
NTD 23,700-24,300/mt ($815-836/mt) |
$730-780/mt FOB Taiwan |
CGI 1.0 mm |
NTD 25,100-25,700/mt ($863-884/mt) |
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As for the domestic market, this producer's HRC and CRC prices for February deliveries have increased by NTD 1,100/mt ($38/mt) and by NTD 850-1,050/mt ($29-36/mt) respectively, while it has also raised its HGI and CGI prices by NTD 1,100-1,300/mt ($38-45/mt).
On the other hand, with regard to the export market, CHS' HRC, CRC and HGI prices have increased by $50/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 29.08