As of today, November 24, Taiwanese steelmaker Chung Hung Steel (CHS) has increased its domestic flats ex-works prices slightly due to the fact that the East Asian market seems to have hit the bottom in the short-term. The new prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 17,950-18,150/mt ($556-563/mt) |
$525-530/mt FOB Taiwan |
CRC 1.0 mm |
NTD 21,750-22,250/mt ($674-690/mt) |
$635-640/mt FOB Taiwan |
HGI 2.0 mm |
NTD 21,650-21,950/mt ($671-680/mt) |
$650-660/mt FOB Taiwan |
CGI 1.0 mm |
NTD 22,650-22,950/mt ($702-711/mt) |
- |
As for the domestic market, HRC prices for December shipment have increased by NTD 250-350/mt ($8-11/mt), while the others are unchanged compared to last month. On the other hand, with regard to the export market, HRC and CRC prices have increased by $10/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 32.255