SteelOrbis has learned that, as of March 2, 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 500-600/mt on ex-works basis for March shipments as compared to its prices for February deliveries.
Accordingly, the producer's ex-works prices are at the following levels:
|
Product |
Domestic price |
Export price |
|
HRC 2.0 mm |
NTD 27,600-28,750/mt ($941-980/mt) |
$770-780/mt FOB Taiwan |
|
CRC 1.0 mm |
NTD 32,050-32,800/mt ($1,092-1,118/mt) |
$880-910/mt FOB Taiwan |
|
HGI 2.0 mm |
NTD 37,050-40,150/mt ($1,263-1,369/mt) |
$1,000-1,060/mt FOB Taiwan |
|
CGI 1.0 mm |
NTD 39,750-41,200/mt ($1,355-1,405/mt) |
- |
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 March-April 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 29.33