SteelOrbis has learned that as of March 25 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 hot rolled coil (HRC), cold rolled coil (CRC) and hot dip galvanized (HDG) coil prices by NTD 600/mt on ex-works basis for its April shipments as compared to its prices for March deliveries.
Accordingly, the producer's ex-works prices are at the following levels:
Product |
Domestic price |
Export price |
HRC 2.0 mm |
NTD 29,450-30,600/mt ($955-993/mt) |
$835-845/mt FOB Taiwan |
CRC 1.0 mm |
NTD 33,550-34,300/mt ($1,088-1,113/mt) |
$945-975/mt FOB Taiwan |
HGI 2.0 mm |
NTD 38,750-41,850/mt ($1,257-1,357/mt) |
$1,055-1,105/mt FOB Taiwan |
CGI 1.0 mm |
NTD 41,450-42,900/mt ($1,345-1,392/mt) |
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On the other hand, with regard to the export markets, CHS' prices for HRC, CRC and HDG products have increased by 20/mt in the given period. The offers are for April-May 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 30.83