SteelOrbis has learned that, as of August 26, 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 steel ex-works prices for domestic deliveries for September. Accordingly, the producer's new prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 21,450-22,650/mt ($740-781/mt) |
$740-750/mt FOB Taiwan |
CRC 1.0 mm |
NTD 25,350-25,650/mt ($874-884/mt) |
$885-905/mt FOB Taiwan |
HGI 2.0 mm |
NTD 24,300-25,800/mt ($838-890/mt) |
$840-890/mt FOB Taiwan |
CGI 1.0 mm |
NTD 26,900-27,200/mt ($928-938/mt) |
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As for the domestic market, this producer's HRC prices for September deliveries have increased by NTD 450 ($16/mt), while price for CRC have risen by NTD 450-650/mt ($16-22/mt) and CGI prices have been updated upwards by NTD 800/mt ($28/mt).
On the other hand, with regard to the export market, CHS increased its prices by $20-30/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