Domestic rebar sales in Taiwan have recovered this week following weeks of silence. According to a source at a Taiwanese producer, “Despite the acceleration in rebar trading observed this week, each mill has sold only limited quantities. Total rebar sales in Taiwan this week amount to around 150,000 mt.” According to sources, Feng Hsin has kept its local rebar prices stable this week at 18,700/mt ($590/mt) ex-works, with its dollar-based prices declining by $7/mt week on week due to the depreciation of the Taiwanese dollar.
Offers for ex-US HMS I/II (80:20) scrap in containers to Taiwan have been at $360-370/mt CFR this week, slightly higher than $355-365/mt CFR recorded last week.
At the same time, Japanese scrap suppliers have kept their offers for H1/2 (50:50) scrap by bulk to Taiwan stable at $375-380/mt CFR.
Domestic HMS I/II 80:20 scrap prices in Taiwan are still at TWD 11,500/mt ($363/mt) delivered to mill, $4/mt lower than last week due to the fluctuation of the Taiwanese dollar.
$1 = TWD 31.70