Taiwanese steelmaker Chung Hung Steel (CHS) has increased its domestic flats ex-works prices and its export prices due to the strength of both the domestic and export markets. The new prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 18,550-19,250/mt ($580-602/mt) |
$560-570/mt FOB Taiwan |
CRC 1.0 mm |
NTD 22,350-22,850/mt ($699-715/mt) |
$670-675/mt FOB Taiwan |
HGI 2.0 mm |
NTD 22,250-22,550/mt ($696-706/mt) |
$685-695/mt FOB Taiwan |
CGI 1.0 mm |
NTD 23,250-23,550/mt ($728-737/mt) |
- |
As for the domestic market, HRC prices for January shipment have increased by NTD 600-1,100/mt ($19-34/mt), with CRC and HDG prices rising by NTD 600/mt ($19/mt). On the other hand, with regard to the export market, CHS' 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 31.952