SteelOrbis has learned that as of July 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 500/mt, NTD 300/mt and NTD 500/mt, respectively and on ex-works basis for its August shipments as compared to its prices for July 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 ($915-952/mt) |
$785-795/mt FOB Taiwan |
CRC 1.0 mm |
NTD 32,850-33,600/mt ($1,056-1,080/mt) |
$900-930/mt FOB Taiwan |
HGI 2.0 mm |
NTD 37,950-41,050/mt ($1,220-1,320/mt) |
$1,005-1,055/mt FOB Taiwan |
CGI 1.0 mm |
NTD 40,650-42,100/mt ($1,307-1,354/mt) |
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On the other hand, with regard to the export markets, CHS' prices for HRC, CRC and HDG products have remained stable in the given period. The offers are for August-September 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 31.10