SteelOrbis has learned that, as of August 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 its hot rolled coil (HRC) have decreased by NTD 600/mt ($19/mt), while its cold rolled coil (CRC) and hot dip galvanized (HDG) prices have remained unchanged 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 20,950-22,100/mt ($663-697/mt) |
$540-550/mt FOB Taiwan |
CRC 1.0 mm |
NTD 25,700-26,450/mt ($810-833/mt) |
$650-680/mt FOB Taiwan |
HGI 2.0 mm |
NTD 32,800-33,800/mt ($1,034-1,067/mt) |
$750-810/mt FOB Taiwan |
CGI 1.0 mm |
NTD 34,500-34,850/mt ($1,087-1,098/mt) |
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On the other hand, with regard to the export markets, CHS' prices for HRC, CRC and HDG products have remained stable over the same period. The offers are for September-October shipments.
All the above prices are on actual weight basis. The ex-works domestic prices include five percent VAT and are for payment via standby letter of credit, while the export prices are for payment via at sight letter of credit.
$1 = NTD 31.73