SteelOrbis has learned that, as of January 23, 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 February shipments as compared to its prices for January deliveries.
Accordingly, the producer's ex-works prices are at the following levels:
Product |
Domestic price |
Export price |
HRC 2.0 mm |
NTD 24,550-25,700/mt ($728-762/mt) |
$680-690/mt FOB Taiwan |
CRC 1.0 mm |
NTD 29,400-30,150/mt ($872-894/mt) |
$790-820/mt FOB Taiwan |
HGI 2.0 mm |
NTD 34,500-37,600/mt ($1,023-1,115/mt) |
$890-950/mt FOB Taiwan |
CGI 1.0 mm |
NTD 37,200-38,650/mt ($1,103-1,146/mt) |
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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 February-March 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 33.73