SteelOrbis has learned that, as of August 31, 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 its hot rolled coil (HRC), cold rolled coil (CRC) and hot dip galvanized (HDG) prices have remained stable on ex-works basis for September shipments as compared to its prices for August 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 ($561-597mt) |
$485-490/mt FOB Taiwan |
CRC 1.0 mm |
NTD 21,900-22,650/mt ($673-697/mt) |
$595-625/mt FOB Taiwan |
HGI 2.0 mm |
NTD 25,700-26,700/mt ($790-821/mt) |
$680-710/mt FOB Taiwan |
CGI 1.0 mm |
NTD 27,400-27,750/mt ($843-853/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 September and October 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 32.52