SteelOrbis has learned that as of May 28 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 300/mt on ex-works basis for its June shipments as compared to its prices for May deliveries.
Accordingly, the producer's ex-works prices are at the following levels:
|
Product |
Domestic price |
Export price |
|
HRC 2.0 mm |
NTD 27,900-29,050/mt ($932-971/mt) |
$790-800/mt FOB Taiwan |
|
CRC 1.0 mm |
NTD 32,350-33,100/mt ($1,081-1,106/mt) |
$900-930/mt FOB Taiwan |
|
HGI 2.0 mm |
NTD 37,350-40,450/mt ($1,248-1,352/mt) |
$1,020-1,080/mt FOB Taiwan |
|
CGI 1.0 mm |
NTD 40,050-41,500/mt ($1,339-1,387/mt) |
- |
On the other hand, with regard to the export markets, CHS' prices for HRC, CRC and HDG products have also moved up by $20/mt over the same period. The offers are for June-July 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 29.92