Taiwan’s CHS announces domestic and export flat steel prices

Monday, 26 December 2016 13:52:26 (GMT+3)   |   Taichung
       

SteelOrbis has learned that, as of December 26, 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 January shipments as compared to its prices for December deliveries.
 
Accordingly, the producer's ex-works prices are at the following levels:
 

Product

Domestic price

 Export price

HRC 2.0 mm

NTD 23.950-25.100/mt ($745-780/mt)

$660-670/mt FOB Taiwan

CRC 1.0 mm

NTD 28.800-29.550/mt ($896-919/mt)

$770-800/mt FOB Taiwan

HGI 2.0 mm

NTD 33.900-37.000/mt ($1,054-1,151/mt)

$870-930/mt FOB Taiwan

CGI 1.0 mm

NTD 36.600-38.050/mt ($1,38-1,183/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 January-February 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 32.16


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