SteelOrbis has learned that, as of September 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 October shipments as compared to its prices for September deliveries.
Accordingly, the producer's ex-works prices are at the following levels:
Product |
Domestic price |
Export price |
HRC 2.0 mm |
NTD 26,250-27,400/mt ($864-903/mt) |
$700-710/mt FOB Taiwan |
CRC 1.0 mm |
NTD 30,800-31,550/mt ($1,015-1,039/mt) |
$810-840/mt FOB Taiwan |
HGI 2.0 mm |
NTD 35,700-38,800/mt ($1,176-1,278/mt) |
$920-980/mt FOB Taiwan |
CGI 1.0 mm |
NTD 38,400-39,850/mt ($1,265-1,313/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 October- November 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 30.36