Taiwanese beam for Russia

SteelOrbis has heard that Taiwan's major H-beam mill, Tung Ho, has concluded a booking for 5,000 mt of ASTM A36 H-beam to Russia at $635/mt FOB Taichung via at sight L/C for March shipment. This price is equivalent to NTD 20,450/mt ex-works, slightly higher than the local price. Currently, the H-beam price in the domestic market is at NTD 19,700-20,000/mt ($598-607/mt) ex-works. However, Tung Ho is expected to announce its new domestic price of NTD 20,000-20,500/mt ($607-622/mt) next week, for February shipment.