SteelOrbis has learned that, as of February 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 all its flat product ex-works prices for domestic deliveries for March, due to increased costs. Accordingly, the producer's prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 24,100-24,750/mt ($810-832/mt) |
$800-810/mt FOB Taiwan |
CRC 1.0 mm |
NTD 27,950-28,850/mt ($940-970/mt) |
$950-970/mt FOB Taiwan |
HGI 2.0 mm |
NTD 26,900-27,500/mt ($904-925/mt) |
$850-900/mt FOB Taiwan |
CGI 1.0 mm |
NTD 28,300-28,900/mt ($951-971/mt) |
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As for the domestic market, this producer's HRC and CRC prices for March deliveries have increased by NTD 2,700/mt ($91/mt) and by NTD 2,200-2,400/mt ($74-91/mt) respectively, while it has also raised its HGI and CGI prices by NTD 3,200/mt ($108/mt).
On the other hand, with regard to the export market, CHS' HRC, CRC and HGI prices have increased by $100-120/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 29.75