SteelOrbis has learned that, as of January 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 by NTD 450-550/mt on ex-works basis for February shipments as compared to its prices for January deliveries.
Accordingly, the producer's ex-works prices are at the following levels:
Product |
Domestic price |
Export price |
HRC 2.0 mm |
NTD 27,100-28,250/mt ($887-926/mt) |
$730-740/mt FOB Taiwan |
CRC 1.0 mm |
NTD 31,550-32,300/mt ($1,039-1,064/mt) |
$840-870/mt FOB Taiwan |
HGI 2.0 mm |
NTD 36,450-39,550/mt ($1,203-1,307/mt) |
$950-1,010/mt FOB Taiwan |
CGI 1.0 mm |
NTD 39,150-40,600/mt ($1,293-1,342/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, rising by $20/mt over the same period. The offers are for February-March 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 29.25