Over the past week, Taiwan’s import scrap prices have remained more or less stable, despite the slight changes in scrap prices both in offers and deals. Taiwan’s rebar market has been sluggish once again. The deals done two weeks ago afford buyers some time as they continue to watch US President Trump’s actions and how the US tariffs will impact the market. Major Taiwanese producer Feng Hsin has kept its domestic rebar prices stable over the past week at TWD 17,900/mt ($543/mt) ex-works, while its dollar-based quotations have moved down by $3/mt, taking into account exchange rate changes.
Offers for ex-US HMS I/II (80:20) scrap in containers to Taiwan have remained relatively stable this week, down from the range of $319-325/mt CFR to $318-323/mt CFR. Actual deal prices have remained unchanged at $317-318/mt CFR.
The number of offers shared for Japanese H1/2 (50:50) scrap in bulk have increased once again this week. Offers are now in the range of $327-342/mt CFR as compared to $328-330/mt CFR recorded last week. A few deals were concluded with Taiwanese buyers at $325/mt CFR. Last week’s deals were in the range of $323-327/mt CFR. Market sources report that Taiwan’s Kaohsiung port is congested, impacting the number of deals done by Taiwanese buyers.
As import scrap quotations in Taiwan have remained relatively stable over the past week, Feng Hsin has kept its scrap procurement prices unchanged at TWD 10,100/mt ($306/mt) delivered, down $2/mt on dollar basis.
$1 = TWD 32.95