SteelOrbis has learned that, as of November 28, 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 cut its hot rolled coil (HRC) prices by NTD 150/mt ($5/mt), its cold rolled coil (CRC) prices by NTD 250/mt ($8/mt) and has reduced its HDG prices by NTD 500/mt ($16/mt) on ex-works basis for December shipments as compared to its prices for November deliveries. Accordingly, the producer's ex-works prices are at the following levels:
Product |
Domestic price |
Export price |
HRC 2.0 mm |
NTD 21,350-22,500/mt ($690-727/mt) |
$635-640/mt FOB Taiwan |
CRC 1.0 mm |
NTD 24,700-25,450/mt ($798-822/mt) |
$745-775/mt FOB Taiwan |
HGI 2.0 mm |
NTD 26,700-27,700/mt ($863-895/mt) |
$820-850/mt FOB Taiwan |
CGI 1.0 mm |
NTD 28,400-28,750/mt ($918-929/mt) |
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On the other hand, with regard to the export markets, CHS' prices for HRC, CRC and HDG products have declined by $20/mt over the same period. The offers are for December 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 30.95