SteelOrbis has learned that, as of September 27, 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 most of its flat steel ex-works prices for domestic deliveries for October. Accordingly, the producer's new prices are at the following levels:
As for the domestic market, this producer's HRC prices for October deliveries have increased by NTD 500/mt ($16/mt), while prices for CRC have risen by NTD 500/mt ($16/mt), and CGI prices have been updated upwards by NTD 600/mt ($20/mt)
On the other hand, with regard to the export market, prices have not showed any changes as compared to last month.
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 21,950-22,650/mt ($721-744/mt) |
$740-750/mt FOB Taiwan |
CRC 1.0 mm |
NTD 25,850-26,000/mt ($849-854/mt) |
$885-905/mt FOB Taiwan |
HGI 2.0 mm |
NTD 24,900-25,800/mt ($818-848/mt) |
$840-890/mt FOB Taiwan |
CGI 1.0 mm |
NTD 26,500-26,600/mt ($871-874/mt) |
- |
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 30.45