Taiwan’s CHS announces domestic and export flat steel prices

Thursday, 27 March 2014 15:50:48 (GMT+3)   |   Taichung
SteelOrbis has learned that, as of March 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 announced that it has kept its flat steel prices on ex-works basis unchanged for April shipments as compared to its prices for March deliveries. Accordingly, the producer's ex-works prices are still at the following levels:

Product

Domestic price

 Export price

HRC 2.0 mm

NTD 21,800-22,950 ($713-751/mt)

 $665-670/mt FOB Taiwan

CRC 1.0 mm

NTD 25,450-26,200/mt ($833-857/mt)

 $795-825/mt FOB Taiwan

HGI 2.0 mm

NTD 26,900-27,900/mt ($880-913/mt)

 $840-870/mt FOB Taiwan

CGI 1.0 mm

NTD 28,600-28,950/mt ($936-947/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 April and May 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 30.56


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