SteelOrbis has learned that, as of July 30, 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) have declined by NTD 800/mt ($26/mt), prices for its cold rolled coil (CRC) have decreased by NTD 500/mt ($16/mt) and prices for its hot dip galvanized (HDG) products have remained stable, all on ex-works basis for August shipments, as compared to its prices for July deliveries. Accordingly, the producer's ex-works prices are at the following levels:
Product |
Domestic price |
Export price |
HRC 2.0 mm |
NTD 18,250-19,400/mt ($580-616/mt) |
$505-510/mt FOB Taiwan |
CRC 1.0 mm |
NTD 21,900-22,650/mt ($695-719/mt) |
$615-645/mt FOB Taiwan |
HGI 2.0 mm |
NTD 25,700-26,700/mt ($816-848/mt) |
$700-730/mt FOB Taiwan |
CGI 1.0 mm |
NTD 27,400-27,750/mt ($870-881/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 $30/mt over the same period. 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 31.49