SteelOrbis has learned that, as of March 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 announced that prices for its hot rolled coil (HRC), cold rolled coil (CRC) and hot dip galvanized (HDG) products have decreased by NTD 300/mt ($10/mt) on ex-works basis for April shipments as compared to its prices for March deliveries. Accordingly, the producer's ex-works prices are at the following levels:
Product | Domestic price | Export price |
HRC 2.0 mm | NTD 20,550-21,700/mt ($658-694/mt) | $585-590/mt FOB Taiwan |
CRC 1.0 mm | NTD 23,900-24,650/mt ($765-789/mt) | $695-725/mt FOB Taiwan |
HGI 2.0 mm | NTD 26,200-27,200/mt ($838-870/mt) | $780-810/mt FOB Taiwan |
CGI 1.0 mm | NTD 27,900-28,250/mt ($893-904/mt) | - |
On the other hand, with regard to the export markets, CHS' prices for HRC, CRC and HDG products have declined by $10/mt over the same period. 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 31.25