SteelOrbis has learned that as of May 27 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 decreased its domestic hot rolled coil (HRC), cold rolled coil (CRC) and hot dip galvanized (HDG) coil prices by NTD 1,000/mt, NTD 800/mt and NTD 800/mt, respectively and 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 28,450-29,600/mt (903-939/mt) |
$805-815/mt FOB Taiwan |
|
CRC 1.0 mm |
NTD 32,750-33,500/mt (1,039-1,063/mt) |
$915-945/mt FOB Taiwan |
|
HGI 2.0 mm |
NTD 37,950-41,050/mt (1,1,204-1,302/mt) |
$1,025-1,075/mt FOB Taiwan |
|
CGI 1.0 mm |
NTD 40,650-42,100/mt (1,281-1,336/mt) |
- |
On the other hand, with regard to the export markets, CHS' prices for HRC, CRC and HDG products have declined by $30/mt in the given 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 31.52