SteelOrbis has learned that as of today, September 25, Chung Hung Steel Co. Ltd. (CHS), a major HRC/CRC re-roller and subsidiary of China Steel Corp. in Taiwan, has decided to keep its ex-works prices unchanged for October shipment, due to the weakening in east Asian market prices following the situation of excess supply observed in the local Chinese market. Accordingly, the producer's prices are still at the following levels:
Product |
Domestic price |
Export price |
HRC 2.0 mm |
NTD 19,200-19,300/mt ($592-595/mt) |
$560-565/mt FOB Taiwan |
CRC 1.0 mm |
NTD 22,750-23,250/mt ($702-717/mt) |
$655-660/mt FOB Taiwan |
HGI 2.0 mm |
NTD 23,150-23,450/mt ($714-723/mt) |
$700-710/mt FOB Taiwan |
CGI 1.0 mm |
NTD 24,150-24,450/mt ($745-754/mt) |
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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 32.4149