SteelOrbis has learned that as of Friday, May 28, 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 its ex-works prices for domestic deliveries in June following its mother company, CSC. Accordingly, the producer's prices are at the following levels:
Product |
Domestic Price |
HRC 2.0 mm |
NTD 21,750-22,800/mt ($679-712/mt) |
CRC 1.0 mm |
NTD 27,300-27,800/mt ($853-868/mt) |
HGI 2.0 mm |
NTD 26,250-26,850/mt ($820-839/mt) |
CGI 1.0 mm |
NTD 27,250-27,850/mt ($851-870/mt) |
As for the domestic market, this producer's HRC prices for June deliveries have increased by NTD 500/mt ($16/mt), its CRC prices have gone up by NTD 800/mt ($25/mt), with its HDG and CGI prices rising by NTD 500/mt ($16/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.
$1 = NTD 32.02