SteelOrbis has learned that, as of June 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 kept most of its domestic flat steel prices stable on ex-works basis for July shipments as compared to its prices for June deliveries, except for hot dip galvanized (HDG) prices which have moved up by NTD 300/mt for the same period.
Accordingly, the producer's ex-works prices are at the following levels:
Product | Domestic price | Export price |
HRC 2.0 mm | NTD 24,350-25,500/mt ($802-840/mt) | $600-610/mt FOB Taiwan |
CRC 1.0 mm | NTD 28,900-29,650/mt ($951-977/mt) | $710-740/mt FOB Taiwan |
HGI 2.0 mm | NTD 32,800-35,900/mt ($1,080-1,182/mt) | $810-870/mt FOB Taiwan |
CGI 1.0 mm | NTD 35,500-36,950/mt ($1,169-1,217/mt) | - |
On the other hand, with regard to the export markets, CHS' prices for HRC, CRC and HDG products have also remained stable over the same period. The offers are for July-August 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 30.36