Taiwan’s import scrap market has continued to move down with ex-Japan offers and deals, while US-based suppliers are still out of the market amid ongoing holidays. Taiwanese sources report that domestic rebar sales in Taiwan are sluggish this week, once again, because cheap Russian billets are still attractive for Taiwanese producers. A source reports that billet deal prices kept dropping this week. The major Taiwanese producer Feng Hsin has kept its domestic rebar prices unchanged at TWD 17,400/mt ($530/mt) ex-works, dollar-based quotations decreased by $3/mt week on week, including the exchange rate effect.
Offers for ex-US HMS I/II (80:20) scrap in containers to Taiwan are still too few in numbers. Due to the Christmas week, trading between the US and Taiwan has nearly stopped. No new deals or offers heard for this scrap grade, most recent offers for ex-US HMS I/II (80:20) scrap in containers were $295-300/mt CFR Taiwan two weeks ago, with some bookings concluded at $290-297/mt CFR that time.
Offers shared for Japanese H1/2 (50:50) scrap bulk have declined to $309-315/mt CFR Taiwan from last week’s $315-320/mt CFR. One producer has concluded an ex-Japan booking for this grade slightly below $310/mt CFR.
Feng Hsin has kept its scrap procurement prices stable at TWD 9,200/mt ($280/mt) delivered, down by $2/mt amid the changes observed in the exchange rate.
$1= TWD 32.84