SteelOrbis has learned that, as of February 24, 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 announced unchanged flat steel prices on ex-works basis for March shipments as compared to its prices for February deliveries. Accordingly, the producer's ex-works prices are at the following levels:
Product | Domestic Price | Export Price |
HRC 2.0 mm | NTD 21,800-22,950/mt ($717-755/mt) | $665-670/mt FOB Taiwan |
CRC 1.0 mm | NTD 25,450-26,200/mt ($837-862/mt) | $795-825/mt FOB Taiwan |
HGI 2.0 mm | NTD 26,900-27,900/mt ($885-918/mt) | $840-870/mt FOB Taiwan |
CGI 1.0 mm | NTD 28,600-28,950/mt ($940-952/mt) | - |
On the other hand, with regard to the export markets, CHS' prices for all products have also remained unchanged over the same period, while the offers are for March and April 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 30.4