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 its hot rolled coil (HRC), cold rolled coil (CRC) and hot dip galvanized (HDG) domestic prices have increased 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 22,750-23,900/mt ($716-753/mt) | $610-620/mt FOB Taiwan |
CRC 1.0 mm | NTD 27,600-28,350/mt ($869-893/mt) | $720-750/mt FOB Taiwan |
HGI 2.0 mm | NTD 32,500-35,600/mt ($1,023-1,121/mt) | $820-880/mt FOB Taiwan |
CGI 1.0 mm | NTD 35,200-36,650/mt ($1,108-1,154/mt) | - |
On the other hand, with regard to the export markets, CHS' prices for HRC, CRC and HDG products have increased over the same period. The offers are for December-January 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 31.76