SteelOrbis has learned that as of August 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 kept its domestic flat steel prices stable on ex-works basis for its September shipments as compared to its prices for August deliveries.
Accordingly, the producer's ex-works prices are at the following levels:
Product |
Domestic price |
Export price |
HRC 2.0 mm |
NTD 28,550-29,700/mt ($929-966/mt) |
$810-820/mt FOB Taiwan |
CRC 1.0 mm |
NTD 32,850-33,600/mt ($1,069-1,093/mt) |
$920-950/mt FOB Taiwan |
HGI 2.0 mm |
NTD 38,150-41,250/mt ($1,241-1,342/mt) |
$1,040-1,100/mt FOB Taiwan |
CGI 1.0 mm |
NTD 40,850-42,300/mt ($1,329 -1,377/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 sideways over the same period. The offers are for September-October 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 30.73