SteelOrbis has learned that as of yesterday, August 25, Chung Hung Steel Co. Ltd. (CHS), a major Taiwan-based HRC/CRC re-roller and subsidiary of Taiwanese integrated steelmaker China Steel Corp., has decided to increase its ex-works prices for domestic deliveries in September and for export shipments in September and October. Accordingly, the producer's prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 20,100-21,150/mt ($629-661/mt) |
$650-660/mt FOB Taiwan |
CRC 1.0 mm |
NTD 25,000-25,500/mt ($782-797/mt) |
$810-830/mt FOB Taiwan |
HGI 2.0 mm |
NTD 23,450-24,050/mt ($733-752/mt) |
$680-730/mt FOB Taiwan |
CGI 1.0 mm |
NTD 24,450-25,050/mt ($765-783/mt) |
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As for the domestic market, this producer's HRC, CRC, HDG and CGI prices for September deliveries have increased by NTD 250/mt ($8/mt). On the other hand, with regard to the export market, CHS' prices have increased by $10/mt as compared to last month.
All the above prices include five percent VAT and are on actual weight basis. The ex-works domestic prices are for payment via standby letter of credit, while the export prices are for payment via at sight letter of credit.
$1 = NTD 31.98