SteelOrbis has learned that, as of October 27, 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 kept its domestic flat steel prices stable on ex-works basis for November shipments as compared to its prices for October 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 ($867-905/mt) |
$700-710/mt FOB Taiwan |
CRC 1.0 mm |
NTD 30,800-31,550/mt ($1,017-1,041/mt) |
$810-840/mt FOB Taiwan |
HGI 2.0 mm |
NTD 35,700-38,800/mt ($1,179-1,281/mt) |
$920-980/mt FOB Taiwan |
CGI 1.0 mm |
NTD 38,400-39,850/mt ($1,269-1,318/mt) |
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On the other hand, with regard to the export markets, CHS' prices for HRC, CRC and HDG products have remained stable over the same period. The offers are for November-December 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 30.27