SteelOrbis has learned that as of yesterday, January 26, Chung Hung Steel Co. Ltd. (CHS), a major Taiwan-based HRC/CRC re-roller and subsidiary of Taiwanese integrated steelmaker China Steel Corp., has decided to increase its ex-works prices for domestic deliveries in February and March and for export shipments in March and April, due to the improving prices in both the domestic and export markets. Accordingly, the producer's prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 19,850-20,750/mt ($619-647/mt) |
$585-600/mt FOB Taiwan |
CRC 1.0 mm |
NTD 23,750-24,450/mt ($741-763/mt) |
$710-715/mt FOB Taiwan |
HGI 2.0 mm |
NTD 23,950-24,550/mt ($747-766/mt) |
$725-745/mt FOB Taiwan |
CGI 1.0 mm |
NTD 24,950-25,550/mt ($779-797/mt) |
- |
As for the domestic market, this producer's HRC prices for February/March deliveries have increased by NTD 1,300-1,500/mt ($40-47/mt), its CRC prices have gone up by NTD 1,400-1,600/mt ($44-50/mt), with its HDG and CGI prices rising by NTD 1,700-2,000/mt ($53-62/mt). On the other hand, with regard to the export market, CHS' prices have increased by $30-60/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 32.048