SteelOrbis has learned that as of April 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 kept its domestic hot rolled coil (HRC), cold rolled coil (CRC) and hot dip galvanized (HDG) coil prices stable on ex-works basis for its May shipments as compared to its prices for April 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 ($952-989/mt) |
$835-845/mt FOB Taiwan |
|
CRC 1.0 mm |
NTD 33,550-34,300/mt ($1,084-1,108/mt) |
$945-975/mt FOB Taiwan |
|
HGI 2.0 mm |
NTD 38,750-41,850/mt ($1,252-1,352/mt) |
$1,055-1,105/mt FOB Taiwan |
|
CGI 1.0 mm |
NTD 41,450-42,900/mt ($1,339-1,386/mt) |
- |
On the other hand, with regard to the export markets, CHS' prices for HRC, CRC and HDG products have remained unchanged in the given period. The offers are for May-June 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 30.95