SteelOrbis has learned that as of February 23 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 all of its domestic flat steel product ex-works prices by NTD 300/mt ($10/mt) for March shipments. The new prices are as follows:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 20,550-21,250/mt ($695-718/mt) |
$660-670/mt FOB Taiwan |
CRC 1.0 mm |
NTD 23,850-24,000/mt ($806-811/mt) |
$805-835/mt FOB Taiwan |
HGI 2.0 mm |
NTD 24,400-25,300/mt ($825-855/mt) |
$810-850/mt FOB Taiwan |
CGI 1.0 mm |
NTD 26,000-26,100/mt ($879-882/mt) |
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With regard to the export market, CHS has increased all its flat steel export offers by $10-20/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 29.58