Taiwan’s import scrap prices have decreased by another $5/mt in the past week, in line with the sharp downward movement observed in the international scrap market. This week, domestic rebar sales in Taiwan have remained quiet as US President Trump’s tariff policy is changing too rapidly, market sources report. A Taiwanese source added that there has not been a significant tonnage changing hands in the local Taiwanese rebar market for seven weeks. The major Taiwanese producer Feng Hsin has kept its domestic rebar price unchanged over the past week at TWD 17,500/mt ($540/mt) ex-works, with its dollar-based price up by $10/mt taking the exchange rate into account.
Offers for ex-US HMS I/II (80:20) scrap in containers to Taiwan have moved down from the range of $312-320/mt CFR to $308-317/mt. Actual deal prices have also moved down week on week, by $5/mt to $305-307/mt CFR.
Offers shared for Japanese H1/2 (50:50) scrap bulk have remained limited for the third week in a row, with the offer prices at around $325-330/mt CFR, down by $5/mt on the lower end. Once again, no deals were done this week.
Feng Hsin has kept its scrap purchase prices stable week on week at TWD 9,900/mt ($306/mt) delivered, up by $6/mt on US dollar basis.
$1= TWD 32.37