As of today, August 26, Taiwanese steelmaker Chung Hung Steel (CHS) has increased its domestic flats sales prices and export flats prices for September shipments. The new prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 19,200-19,300/mt ($583-587/mt) |
$560-565/mt FOB Taiwan |
CRC 1.0 mm |
NTD 22,750-23,250/mt ($691-707/mt) |
$655-660/mt FOB Taiwan |
HGI 2.0 mm |
NTD 23,150-23,450/mt ($704-713/mt) |
$700-710/mt FOB Taiwan |
CGI 1.0 mm |
NTD 24,150-24,450/mt ($734-743/mt) |
- |
As for the domestic market, HRC prices have increased by NTD 1,150/mt ($35/mt), CRC prices have risen by NTD 1,200/mt ($37/mt), while HGI and CGI prices have climbed by NTD 1,300 /mt ($40/mt), all compared to last month. On the other hand, with regard to the export market, all prices have increased by $35-40/mt as compared to last month.
All the above prices include five percent VAT and are on actual weight basis. Ex-works domestic prices are for payment via standby letter of credit, while export prices are for payment via at sight letter of credit.
$1 = NTD 32,9171