SteelOrbis has learned that, as of August 29, 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 increased its domestic flat steel prices stable on ex-works basis for September shipments as compared to its prices for August deliveries.
Accordingly, the producer's ex-works prices are at the following levels:
Product |
Domestic price |
Export price |
HRC 2.0 mm |
NTD 24,450-26,600/mt ($811-883/mt) |
$675-685/mt FOB Taiwan |
CRC 1.0 mm |
NTD 30,200-30,950/mt ($1,002-1,027/mt) |
$785-815/mt FOB Taiwan |
HGI 2.0 mm |
NTD 34,900-38,000/mt ($1,158-1,261/mt) |
$895-955/mt FOB Taiwan |
CGI 1.0 mm |
NTD 37,600-39,050/mt ($1,248-1,296/mt) |
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On the other hand, with regard to the export markets, CHS' prices for HRC, CRC and HDG products have also moved up over the same period. The offers are for September-October shipments.
All the above prices are on actual weight basis. The ex-works domestic prices include five percent VAT and are for payment via standby letter of credit, while the export prices are for payment via at sight letter of credit.
$1 = NTD 30.13