SteelOrbis has learned that, as of July 26, 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 HRC and CRC prices by NTD 400/mt ($13/mt) as compared to June price levels, while it has increased its HDG prices by NTD 500/mt ($17/mt) - all for the domestic market and deliveries for August. Accordingly, the producer's ex-works prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 20,100-21,250/mt ($672-711/mt) |
$600-615/mt FOB Taiwan |
CRC 1.0 mm |
NTD 23,750-24,500/mt ($795-820/mt) |
$730-770/mt FOB Taiwan |
HGI 2.0 mm |
NTD 24,700-25,700/mt ($826-860/mt) |
$760-800/mt FOB Taiwan |
CGI 1.0 mm |
NTD 26,400-26,750/mt ($883-895/mt) |
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On the other hand, with regard to the export markets, CHS' prices for all products have increased by $10/mt as compared to June price levels, while the offers are for August and September shipments.
All the above prices include five percent VAT and are on actual weight basis. The ex-works domestic prices are for payment via standby letter of credit, while the export prices are for payment via at sight letter of credit.
$1 = NTD 29.89