SteelOrbis has learned that, as of August 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 increased its HRC and CRC prices by NTD 600/mt ($20/mt) as compared to June price levels, while it has increased its HDG prices by NTD 1,000/mt ($33/mt) - all for the domestic market and deliveries for September. Accordingly, the producer's ex-works prices are at the following levels:
Product |
Domestic Price |
Export Price |
HRC 2.0 mm |
NTD 20,700-21,850/mt ($691-730/mt) |
$620-635/mt FOB Taiwan |
CRC 1.0 mm |
NTD 24,350-25,100/mt ($813-838/mt) |
$750-790/mt FOB Taiwan |
HGI 2.0 mm |
NTD 25,700-26,700/mt ($858-892/mt) |
$795-835/mt FOB Taiwan |
CGI 1.0 mm |
NTD 27,400-27,750/mt ($915-927/mt) |
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On the other hand, with regard to the export markets, CHS' prices for HRC and CRC have increased by $20/mt and by $35/mt for HDG, both as compared to August price levels, while the offers are for September and October shipments.
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 29.95